Indonesia: 2007 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Indonesia
IMF Staff Country Reports, August 3, 2007
Source details
- Canonical URL
- Indonesia: 2007 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Indonesia
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Bibliographic details
- Published: August 3, 2007
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451818406.002
Summary and key findings
- Indonesia’s economic performance has been strong since the last Article IV Consultation.
- Supported by sound policies and a favorable external environment, output has grown strongly.
- Inflation has stabilized.
- International reserves have risen to an all-time high.
- The government, banking, and corporate sectors continued to reduce balance sheet vulnerabilities.
- Indonesia’s financial markets have rallied in line with global trends and perceptions that risks have been reduced.
- The government continues to implement its comprehensive reform agenda to boost growth over the medium term.
Macroeconomic and financial developments
- Output: "output has grown strongly."
- Inflation: "inflation has stabilized."
- International reserves: "have risen to an all-time high."
- Financial markets: "rallied in line with global trends and perceptions that risks have been reduced."
- Balance sheets: "government, banking, and corporate sectors continued to reduce balance sheet vulnerabilities."
Policy orientation and reform agenda
- Emphasis on continuing and implementing a comprehensive reform agenda to boost medium-term growth.
- Maintaining sound policies that have supported strong performance and macroeconomic stability.
Subject areas and keywords (as listed)
- Subject: Banking, Commercial banks, Exchange rates, External debt, Financial institutions, Fiscal policy, Foreign exchange, Inflation, Prices
- Keywords: Commercial banks, CR, Exchange rates, Global, high frequency indicator, indicator, Inflation, interest rate hike, investment regime, ISCR, ownership limit, rupiah appreciation pressure