Indonesia: Recent Economic Developments
September 14, 1995
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This paper reviews economic developments in Indonesia during the 1990s. The adjustment effort during 1991/92–1992/93 was marked by a tightening of monetary policy, and measures were also taken to curb new external borrowing. Interest rates rose sharply, as large amounts of central bank debt certificates were placed with the domestic banking system and Bank Indonesia sharply curtailed its foreign exchange swap operations. The expansion in domestic demand gained momentum during 1994/95, rising in real terms by 9 percent.
Subject: Banking, Commodities, Economic sectors, Exports, External debt, Imports, International trade, Oil, Public enterprises
Keywords: Asia and Pacific, balance of payments, broad money, capital market, commercial bank, CR, current account, debt service, economic growth, Europe, exchange rate, Exports, fiscal policy, foreign exchange, Imports, ISCR, North America, Oil, private sector, Public enterprises, real GDP, savings bank, working capital
Pages:
99
Volume:
1995
DOI:
Issue:
083
Series:
Country Report No. 1995/083
Stock No:
1IDNEA0011995
ISBN:
9781451818185
ISSN:
1934-7685
Notes
This report on recent economic developments in Indonesia was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.
