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Chaired by Mr. Lesetja Kganyago, Governor of the South African Reserve Bank

On behalf of the IMF, I would like to express my sympathy, my condolences to the people of Indonesia and certainly to the families who have suffered losses and who are in distress at the moment. 

Public sector balance sheets bring together the entirety of what the state owns and owes, offering a broader fiscal picture beyond debt and deficits. Once governments understand the size and nature of public assets, they can start managing them more effectively, raising considerable additional revenue.

The steady expansion under way since mid-2016 continues, with global growth for 2018-19 projected to remain at its 2017 level.