{
  "title": "Indonesia: Resilient Economy Can Benefit from Stronger Reforms",
  "publication": "IMF News, February 3, 2017",
  "sourceUrl": "https://www.imf.org/en/news/articles/2017/02/03/na020317-indonesia-resilient-economy-can-benefit-from-stronger-reforms",
  "canonical": "https://www.imf.org/en/news/articles/2017/02/03/na020317-indonesia-resilient-economy-can-benefit-from-stronger-reforms",
  "overlayPath": "/en/news/articles/2017/02/03/na020317-indonesia-resilient-economy-can-benefit-from-stronger-reforms/index.md",
  "summary": "Indonesia’s growth at 5 percent for 2016—up from 4.8 percent in 2015—remains among the highest in large emerging market economies.",
  "publishDate": "2017-02-03",
  "sections": [
    {
      "heading": "Key findings and headline statistics",
      "content": "- Indonesia’s growth at 5 percent for 2016—up from 4.8 percent in 2015—remains among the highest in large emerging market economies.  \n- Household consumption is a large driver of economic growth for the country and is strengthening due to people's improving purchasing power amid low inflation and a stronger rupiah."
    },
    {
      "heading": "Drivers of recent growth",
      "content": "- Strengthening household consumption supported by:\n  - improving purchasing power\n  - low inflation\n  - stronger rupiah\n- Need for more investment to sustain and accelerate growth over the medium term."
    },
    {
      "heading": "Ongoing and recommended reforms to boost investment and growth",
      "content": "- Government has started reforms to improve the investment climate, including:\n  - expanding investment in public infrastructure\n  - reducing the layers of government regulations\n  - opening up new areas of the economy to private investment\n- Fiscal measures:\n  - strategy to strengthen tax collection and broaden the tax base through tax reform to generate additional revenues to pay for priority government investment"
    },
    {
      "heading": "Human capital and productivity",
      "content": "- Indonesia’s youthful workforce presents a major economic opportunity.\n- Recommended reforms to narrow skills gaps between employer needs and worker skills:\n  - expanding vocational training opportunities\n  - measures to strengthen the economy’s productivity"
    },
    {
      "heading": "External risks and outlook",
      "content": "- Positive domestic outlook is challenged by global uncertainties, including:\n  - policies from the new United States administration\n  - possible impact from China’s rebalancing and expected economic slowdown\n- Policy emphasis:\n  - stand ready to manage short-term risks\n  - ramp up economic reforms to increase potential growth\n\nIMF News — February 3, 2017\n\n---\n\n\n References\n\n- https://www.imf.org/en/News/country-focus\n- PRESS CENTER\n- Africa’s Inflation Among Region’s Most Urgent Challenges\n- How Countries Should Respond to the Strong Dollar\n- Fiscal Policy Can Help People Rebound From Cost of Living Crisis\n- Public Further Delaying Climate Policies Will Hurt Economic Growth\n- Global Food Crisis Demands Support for People, Open Trade, Bigger Local Harvests\n- Africa Food Prices Are Soaring Amid High Import Reliance\n- Public Sector Must Play Major Role in Catalyzing Private Climate Finance\n- Establishment of the Resilience and Sustainability Trust\n- Chart of the Week : Central Banks Hike Interest Rates in Sync to Tame Inflation Pressures\n- Global Economic Growth Slows Amid Gloomy and More Uncertain Outlook\n- Sub-Saharan Africa Reveals Lessons for Governance\n- More African Central Banks Are Exploring Digital Currencies\n- Conference on the Promotion of Good Governance and Fight against Corruption\n- On the Looming Food Security Crisis in Africa\n- Governments Need Agile Fiscal Policies as Food and Fuel Prices Spike\n- War Dims Global Economic Outlook as Inflation Accelerates\n- Restructuring Debt of Poorer Nations Requires More Efficient Coordination\n- Poor and Vulnerable Countries Need Support to Adapt to Climate Change\n- Pandemic Scars May be Twice as Deep for Students in Developing Countries\n- A Disrupted Global Recovery\n- Fragile and Conflict-Affected Economies Are Falling Further Behind\n- A New Trust to Help Countries Build Resilience and Sustainability\n- Support for Africa’s Vaccine Production is Good for the World\n- Global Debt Reaches a Record $226 Trillion\n- The G20 Common Framework for Debt Treatments Must Be Stepped Up\n- IMF MD’s Statement at the Paris Peace Forum on Increasing Support for Vulnerable Countries via SDR Rechanneling\n- Not Yet on Track: Climate Threat Demands More Ambitious Global Action\n- Joint Action Needed to Secure the Recovery\n- Seven Charts that Show Sub-Saharan Africa at a Crucial Point\n- Debt Service Relief for 24 Eligible Low-Income Countries\n- Putting Public Investment to Work\n- Coming Together\n- Drawing Further Apart: Widening Gaps in the Global Recovery\n- Stepping Up to Meet Low-Income Countries’ Pandemic Recovery Needs\n- The IMF Approves Policy Reforms and Funding Package to Better Support the Recovery of Low-Income Countries From the Pandemic\n- Urgent Action Needed to Address a Worsening ‘Two-Track’ Recovery\n- Seizing the Opportunity for a Pro-Growth, Post-Pandemic World\n- The Policymaker’s Trilemma\n- Achieving the Sustainable Development Goals Will Require Extraordinary Effort by All\n- Four Questions About Debt and Financing Risks from COVID-19 in the Middle East and North Africa\n- Six Charts Show the Challenges Faced by Sub-Saharan Africa\n- Funding the Recovery of Low-income Countries After COVID\n- Slow-Healing Scars: The Pandemic’s Legacy\n- Key to Resolving Covid’s Global Debt Crunch: Transparency\n- The Great Divergence: A Fork in the Road for the Global Economy\n- How Strong Infrastructure Governance Can End Waste in Public Investment\n- Healing the Fractures of the Global Economy\n- COVID-19: Without Help, Low-Income Developing Countries Risk a Lost Decade\n- Impact of Conflict and Political Instability on Banking Crises in Developing Economies\n- Reopening from the Great Lockdown: Uneven and Uncertain Recovery\n- How the IMF Can Help Countries Address the Economic Impact of Coronavirus\n- Emerging from the Great Lockdown in Asia and Europe\n- How Pandemics Leave the Poor Even Farther Behind\n- World Bank Group and IMF mobilize partners in the fight against COVID-19 in Africa\n- Six Charts Show How COVID-19 Is an Unprecedented Threat to Development in Sub-Saharan Africa\n- Fiscal Policies For Women’s Economic Empowerment\n- Regional Economic Outlook for sub-Saharan Africa 2030 Challenges and Opportunities for Mozambique\n- Building on South Asia's Economic Success\n- Latest Economic Developments in Latin America\n- The IMF’s Purpose: Delivering for People\n- How Elevated Global Uncertainty Is Creating Challenges for Sub-Saharan Africa\n- The World Economy: Synchronized Slowdown, Precarious Outlook\n- Realizing the Potential of the G20 Compact with Africa\n- Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development\n- Keeping Asia at the Forefront Amid Growing Risks\n- Managing Director's Statement on the Role of Fund Engagement in Fragile and Conflict-Affected States\n- IMF Releases the 2018 Financial Access Survey\n- IMF Executive Board Discusses 2018 Review of Facilities for Low-Income Countries\n- Policies to Ensure Asia's Sustained Economic Success\n- Sub-Saharan Africa: Firming Up the Economic Recovery\n- IMF Sets Out Policy Steps to Reduce Vulnerabilities and Raise Sub-Saharan Africa's Medium-Term Growth\n- Managing Debt Vulnerabilities in Low-Income and Developing Countries\n- Understanding Debt: A Better Tool for Low-Income Countries\n- Building a More Resilient and Inclusive Global Economy\n- Delivering on the 2030 Agenda\n- Slowing Global Growth Has Varied Effects on Low-Income Countries\n- Financing for Development: IMF's Role in the Post-2015 Agenda\n- Financing For Development: The Way Forward\n- Read the report\n- Press release\n- Indonesia and the IMF\n- Economic outlook for Asia\n- https://www.imf.org/en/home\n\nSource: https://www.imf.org/en/news/articles/2017/02/03/na020317-indonesia-resilient-economy-can-benefit-from-stronger-reforms"
    }
  ],
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    "Published: February 3, 2017",
    "Indonesia’s growth at 5 percent for 2016—up from 4.8 percent in 2015—remains among the highest in large emerging market economies.",
    "Household consumption is a large driver of economic growth for the country and is strengthening due to people's improving purchasing power amid low inflation and a stronger rupiah.",
    "Strengthening household consumption supported by:",
    "Need for more investment to sustain and accelerate growth over the medium term.",
    "Government has started reforms to improve the investment climate, including:",
    "Fiscal measures:",
    "Indonesia’s youthful workforce presents a major economic opportunity.",
    "Recommended reforms to narrow skills gaps between employer needs and worker skills:",
    "Positive domestic outlook is challenged by global uncertainties, including:",
    "Policy emphasis:",
    "[https://www.imf.org/en/News/country-focus](https://www.imf.org/en/News/country-focus)",
    "[PRESS CENTER](http://presscenter.imf.org/)",
    "[Africa’s Inflation Among Region’s Most Urgent Challenges](https://www.imf.org/en/Blogs/Articles/2022/10/20/africas-inflation-among-regions-most-urgent-challenges)",
    "[How Countries Should Respond to the Strong Dollar](https://www.imf.org/en/Blogs/Articles/2022/10/14/how-countries-should-respond-to-the-strong-dollar)",
    "[Fiscal Policy Can Help People Rebound From Cost of Living Crisis](https://www.imf.org/en/Blogs/Articles/2022/10/12/fiscal-policy-can-help-people-rebound-from-cost-of-living-crisis)",
    "[Public Further Delaying Climate Policies Will Hurt Economic Growth](https://www.imf.org/en/Blogs/Articles/2022/10/05/further-delaying-climate-policies-will-hurt-economic-growth)",
    "[Global Food Crisis Demands Support for People, Open Trade, Bigger Local Harvests](https://www.imf.org/en/Blogs/Articles/2022/09/30/global-food-crisis-demands-support-for-people-open-trade-bigger-local-harvests)",
    "[Africa Food Prices Are Soaring Amid High Import Reliance](https://www.imf.org/en/Blogs/Articles/2022/09/26/africa-food-prices-are-soaring-amid-high-import-reliance)",
    "[Public Sector Must Play Major Role in Catalyzing Private Climate Finance](https://blogs.imf.org/2022/08/18/public-sector-must-play-major-role-in-catalyzing-private-climate-finance/)",
    "[Establishment of the Resilience and Sustainability Trust](https://www.imf.org/en/News/Articles/2022/04/18/pr22119-imf-executive-board-approves-establishment-of-the-rst)",
    "[Chart of the Week : Central Banks Hike Interest Rates in Sync to Tame Inflation Pressures](https://www.imf.org/en/News/Chart-of-the-week)",
    "[Global Economic Growth Slows Amid Gloomy and More Uncertain Outlook](https://blogs.imf.org/2022/07/26/global-economic-growth-slows-amid-gloomy-and-more-uncertain-outlook/)",
    "[Sub-Saharan Africa Reveals Lessons for Governance](https://www.imf.org/en/News/Articles/2022/06/22/CF-SSA-Lessons-for-Governance)",
    "[More African Central Banks Are Exploring Digital Currencies](https://blogs.imf.org/2022/06/23/more-african-central-banks-are-exploring-digital-currencies/)",
    "[Conference on the Promotion of Good Governance and Fight against Corruption](https://www.imf.org/en/News/Articles/2022/06/15/pr22200-conference-on-the-promotion-of-good-governance-and-fight-against-corruption)",
    "[On the Looming Food Security Crisis in Africa](https://www.imf.org/en/News/Articles/2022/05/19/sp051922-emergency-meeting-on-the-looming-food-security-crisis-in-africa)",
    "[Governments Need Agile Fiscal Policies as Food and Fuel Prices Spike](https://blogs.imf.org/2022/04/20/governments-need-agile-fiscal-policies-as-food-and-fuel-prices-spike/)",
    "[War Dims Global Economic Outlook as Inflation Accelerates](https://blogs.imf.org/2022/04/19/war-dims-global-economic-outlook-as-inflation-accelerates/)",
    "[Restructuring Debt of Poorer Nations Requires More Efficient Coordination](https://blogs.imf.org/2022/04/07/restructuring-debt-of-poorer-nations-requires-more-efficient-coordination/)",
    "[Poor and Vulnerable Countries Need Support to Adapt to Climate Change](https://blogs.imf.org/2022/03/23/poor-and-vulnerable-countries-need-support-to-adapt-to-climate-change/)",
    "[Pandemic Scars May be Twice as Deep for Students in Developing Countries](https://blogs.imf.org/2022/02/03/pandemic-scars-may-be-twice-as-deep-for-students-in-developing-countries/)",
    "[A Disrupted Global Recovery](https://blogs.imf.org/2022/01/25/a-disrupted-global-recovery/)",
    "[Fragile and Conflict-Affected Economies Are Falling Further Behind](https://blogs.imf.org/2022/01/21/fragile-and-conflict-affected-economies-are-falling-further-behind/)",
    "[A New Trust to Help Countries Build Resilience and Sustainability](https://blogs.imf.org/2022/01/20/a-new-trust-to-help-countries-build-resilience-and-sustainability/)",
    "[Support for Africa’s Vaccine Production is Good for the World](https://blogs.imf.org/2022/01/12/support-for-africas-vaccine-production-is-good-for-the-world/)",
    "[Global Debt Reaches a Record $226 Trillion](https://blogs.imf.org/2021/12/15/global-debt-reaches-a-record-226-trillion/)",
    "[The G20 Common Framework for Debt Treatments Must Be Stepped Up](https://blogs.imf.org/2021/12/02/the-g20-common-framework-for-debt-treatments-must-be-stepped-up/)",
    "[IMF MD’s Statement at the Paris Peace Forum on Increasing Support for Vulnerable Countries via SDR Rechanneling](https://www.imf.org/en/News/Articles/2021/11/11/pr21330-imf-md-statement-at-the-paris-peace-forum)",
    "[Not Yet on Track: Climate Threat Demands More Ambitious Global Action](https://blogs.imf.org/2021/10/31/not-yet-on-track-for-net-zero-climate-threats-demands-more-ambitious-global-action/)",
    "[Joint Action Needed to Secure the Recovery](https://blogs.imf.org/2021/10/27/joint-action-needed-to-secure-the-recovery/)",
    "[Seven Charts that Show Sub-Saharan Africa at a Crucial Point](https://www.imf.org/en/News/Articles/2021/10/20/na102021-seven-charts-that-show-sub-saharan-africa-at-a-crucial-point)",
    "[Debt Service Relief for 24 Eligible Low-Income Countries](https://www.imf.org/en/News/Articles/2021/10/08/pr21291-the-imf-executive-board-extends-debt-service-relief-24-eligible-low-income-countries)",
    "[Putting Public Investment to Work](https://blogs.imf.org/2021/08/11/putting-public-investment-to-work/?utm_medium=email&utm_source=govdelivery)",
    "[Coming Together](https://blogs.imf.org/2021/08/10/coming-together/)",
    "[Drawing Further Apart: Widening Gaps in the Global Recovery](https://blogs.imf.org/2021/07/27/drawing-further-apart-widening-gaps-in-the-global-recovery/)",
    "[Stepping Up to Meet Low-Income Countries’ Pandemic Recovery Needs](https://blogs.imf.org/2021/07/26/stepping-up-to-meet-low-income-countries-pandemic-recovery-needs/)",
    "[The IMF Approves Policy Reforms and Funding Package to Better Support the Recovery of Low-Income Countries From the Pandemic](https://www.imf.org/en/News/Articles/2021/07/22/pr21222-imf-approves-policy-reforms-funding-package-support-low-income-countries-from-pandemic)",
    "[Urgent Action Needed to Address a Worsening ‘Two-Track’ Recovery](https://blogs.imf.org/2021/07/07/urgent-action-needed-to-address-a-worsening-two-track-recovery/)",
    "[Seizing the Opportunity for a Pro-Growth, Post-Pandemic World](https://blogs.imf.org/2021/07/20/seizing-the-opportunity-for-a-pro-growth-post-pandemic-world/)",
    "[The Policymaker’s Trilemma](https://blogs.imf.org/2021/05/12/the-policymakers-trilemma/)",
    "[Achieving the Sustainable Development Goals Will Require Extraordinary Effort by All](https://blogs.imf.org/2021/04/29/achieving-the-sustainable-development-goals-will-require-extraordinary-effort-by-all/)",
    "[Four Questions About Debt and Financing Risks from COVID-19 in the Middle East and North Africa](https://www.imf.org/en/News/Articles/2021/04/27/na042821-4-questions-about-debt-and-financing-risks-from-covid-19-in-mena)",
    "[Six Charts Show the Challenges Faced by Sub-Saharan Africa](https://www.imf.org/en/News/Articles/2021/04/12/na041521-six-charts-show-the-challenges-faced-by-sub-saharan-africa)",
    "[Funding the Recovery of Low-income Countries After COVID](https://blogs.imf.org/2021/04/05/funding-the-recovery-of-low-income-countries-after-covid/)",
    "[Slow-Healing Scars: The Pandemic’s Legacy](https://blogs.imf.org/2021/03/31/slow-healing-scars-the-pandemics-legacy/)",
    "[Key to Resolving Covid’s Global Debt Crunch: Transparency](https://www.imf.org/en/News/Articles/2021/03/12/vc-key-to-resolving-covid-s-global-debt-crunch-transparency)",
    "[The Great Divergence: A Fork in the Road for the Global Economy](https://blogs.imf.org/2021/02/24/the-great-divergence-a-fork-in-the-road-for-the-global-economy/)",
    "[How Strong Infrastructure Governance Can End Waste in Public Investment](https://blogs.imf.org/2020/09/03/how-strong-infrastructure-governance-can-end-waste-in-public-investment/)",
    "[Healing the Fractures of the Global Economy](https://blogs.imf.org/2020/09/01/healing-the-fractures-of-the-global-economy/)",
    "[COVID-19: Without Help, Low-Income Developing Countries Risk a Lost Decade](https://blogs.imf.org/2020/08/27/covid-19-without-help-low-income-developing-countries-risk-a-lost-decade/)",
    "[Impact of Conflict and Political Instability on Banking Crises in Developing Economies](https://blogs.imf.org/2020/07/29/impact-of-conflict-and-political-instability-on-banking-crises-in-developing-economies/)",
    "[Reopening from the Great Lockdown: Uneven and Uncertain Recovery](https://blogs.imf.org/2020/06/03/courage-under-fire-policy-responses-in-emerging-market-and-developing-economies-to-the-covid-19-pandemic/)",
    "[How the IMF Can Help Countries Address the Economic Impact of Coronavirus](https://www.imf.org/en/About/Factsheets/Sheets/2020/02/28/how-the-imf-can-help-countries-address-the-economic-impact-of-coronavirus)",
    "[Emerging from the Great Lockdown in Asia and Europe](https://blogs.imf.org/2020/05/12/emerging-from-the-great-lockdown-in-asia-and-europe/)",
    "[How Pandemics Leave the Poor Even Farther Behind](https://blogs.imf.org/2020/05/11/how-pandemics-leave-the-poor-even-farther-behind/)",
    "[World Bank Group and IMF mobilize partners in the fight against COVID-19 in Africa](https://www.imf.org/en/News/Articles/2020/04/17/pr20168-world-bank-group-and-imf-mobilize-partners-in-the-fight-against-covid-19-in-africa)",
    "[Six Charts Show How COVID-19 Is an Unprecedented Threat to Development in Sub-Saharan Africa](https://www.imf.org/en/News/Articles/2020/04/13/na0413202-six-charts-show-how-covid-19-is-an-unprecedented-threat-to)",
    "[Fiscal Policies For Women’s Economic Empowerment](https://blogs.imf.org/2020/02/18/fiscal-policies-for-womens-economic-empowerment/)",
    "[Regional Economic Outlook for sub-Saharan Africa 2030 Challenges and Opportunities for Mozambique](https://www.imf.org/en/News/Articles/2019/11/21/sp21112019-regional-economic-outlook-for-sub-saharan-africa-2030-mozambique)",
    "[Building on South Asia's Economic Success](https://www.imf.org/en/News/Articles/2019/11/01/NA110219-building-on-south-asias-economic-success)",
    "[Latest Economic Developments in Latin America](https://www.imf.org/en/News/Articles/2019/10/28/NA102819-Interview-with-Alejandro-Werner-on-Latest-Economic-Developments-in-Latin-America)",
    "[The IMF’s Purpose: Delivering for People](https://www.imf.org/en/News/Articles/2019/10/18/sp101819-md-am-plenary-speech)",
    "[How Elevated Global Uncertainty Is Creating Challenges for Sub-Saharan Africa](https://www.imf.org/en/News/Articles/2019/10/17/na1819six-charts-on-how-elevated-global-uncertainty-is-creating-challenges-for-sub-saharan-africa)",
    "[The World Economy: Synchronized Slowdown, Precarious Outlook](https://blogs.imf.org/2019/10/15/the-world-economy-synchronized-slowdown-precarious-outlook/)",
    "[Realizing the Potential of the G20 Compact with Africa](https://blogs.imf.org/2018/10/30/realizing-the-potential-of-the-g20-compact-with-africa/)",
    "[Intergovernmental Group of Twenty-Four on International Monetary Affairs and Development](https://www.imf.org/en/News/Articles/2018/10/11/cm-intergovernmental-group-of-twenty-four-on-international-monetary-affairs-and-development)",
    "[Keeping Asia at the Forefront Amid Growing Risks](https://www.imf.org/en/News/Articles/2018/10/10/NA091118-Keeping-Asia-at-the-Forefront-Amid-Growing-Risks)",
    "[Managing Director's Statement on the Role of Fund Engagement in Fragile and Conflict-Affected States](https://www.imf.org/en/News/Articles/2018/10/04/pr18378-md-statement-on-the-role-of-fund-engagement-in-fragile-conflict-affected-states)",
    "[IMF Releases the 2018 Financial Access Survey](https://www.imf.org/en/News/Articles/2018/09/28/pr18366-imf-releases-the-2018-financial-access-survey)",
    "[IMF Executive Board Discusses 2018 Review of Facilities for Low-Income Countries](https://www.imf.org/en/News/Articles/2018/08/01/pr18325-imf-executive-board-discusses-2018-review-of-facilities-for-low-income-countries)",
    "[Policies to Ensure Asia's Sustained Economic Success](http://www.imf.org/en/news/articles/2018/05/24/sp052518-policies-to-ensure-asia-s-sustained-economic-success)",
    "[Sub-Saharan Africa: Firming Up the Economic Recovery](http://www.imf.org/en/news/articles/2018/05/11/na051118-sub-saharan-africa-firming-up-the-economic-recovery)",
    "[IMF Sets Out Policy Steps to Reduce Vulnerabilities and Raise Sub-Saharan Africa's Medium-Term Growth](http://www.imf.org/en/news/articles/2018/05/08/pr18161-imf-sets-out-policy-steps-to-reduce-vulnerabilities-and-raise-sub-saharan-africa)",
    "[Managing Debt Vulnerabilities in Low-Income and Developing Countries](https://blogs.imf.org/2018/03/22/managing-debt-vulnerabilities-in-low-income-and-developing-countries/)",
    "[Understanding Debt: A Better Tool for Low-Income Countries](http://www.imf.org/en/news/articles/2017/10/02/na100217-understanding-debt-a-better-tool-for-low-income-countries)",
    "[Building a More Resilient and Inclusive Global Economy](http://www.imf.org/en/news/articles/2017/04/07/building-a-more-resilient-and-inclusive-global-economy-a-speech-by-christine-lagarde)",
    "[Delivering on the 2030 Agenda](http://www.imf.org/en/news/articles/2016/10/09/pr16455-delivering-on-the-2030-agenda)",
    "[Slowing Global Growth Has Varied Effects on Low-Income Countries](http://www.imf.org/external/pubs/ft/survey/so/2015/CAR121715A.htm)",
    "[Financing for Development: IMF's Role in the Post-2015 Agenda](http://www.imf.org/external/pubs/ft/survey/so/2015/pOL070815A.htm)",
    "[Financing For Development: The Way Forward](http://www.imf.org/external/pubs/ft/survey/so/2015/new041915a.htm)",
    "[Read the report](http://www.imf.org/en/Publications/CR/Issues/2017/02/03/Indonesia-2016-Article-IV-Consultation-Press-Release-Staff-Report-and-Statement-by-the-44621)",
    "[Press release](http://www.imf.org/en/News/Articles/2017/02/03/PR1736-Indonesia-IMF-Executive-Board-Concludes-2016-Article-IV-Consultation)",
    "[Indonesia and the IMF](https://www.imf.org/external/country/IDN/index.htm)",
    "[Economic outlook for Asia](http://www.imf.org/external/pubs/ft/reo/2016/apd/eng/areo1016.htm)",
    "[https://www.imf.org/en/home](https://www.imf.org/en/home)"
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