{
  "title": "Indonesia: Eleventh Review Under the Extended Arrangement",
  "publication": "IMF Staff Country Reports, January 23, 2004",
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  "summary": "The main priority was to seek assurances that policies were on track to facilitate a smooth transition to the postprogram environment. A stable exchange rate and continued declines in inflation have allowed reductions in interest rates in support of the economic recovery.",
  "sections": [
    {
      "heading": "Executive summary and main priorities",
      "content": "- The main priority was to seek assurances that policies were on track to facilitate a smooth transition to the postprogram environment.\n- A stable exchange rate and continued declines in inflation have allowed reductions in interest rates in support of the economic recovery.\n- With inflation risks now more balanced, Bank Indonesia's commitment to maintain a cautious monetary stance will help safeguard the hard-won gains on inflation and exchange rate stability.\n- The Indonesia Bank Restructuring Agency is making good progress in bringing its asset sales programs to a successful conclusion."
    },
    {
      "heading": "Macroeconomic conditions and monetary policy",
      "content": "- Exchange rate: described as stable.\n- Inflation: continued declines noted; risks now more balanced.\n- Interest rates: reductions have been possible to support the economic recovery.\n- Bank Indonesia policy stance: commitment to maintain a cautious monetary stance to safeguard gains on inflation and exchange rate stability."
    },
    {
      "heading": "Financial sector restructuring",
      "content": "- Indonesia Bank Restructuring Agency (IBRA): reported to be making good progress toward successful conclusion of its asset sales programs."
    },
    {
      "heading": "Subject areas and keywords covered",
      "content": "- Subject: Banking, Budget planning and preparation, Government debt management, Inflation, Monetary base, Money, Prices, Public debt, Public financial management (PFM)\n- Keywords: Budget planning and preparation, conclusion of the executive board's discussion, CR, debt service, disinflation effort, GDP, Global, Government debt management, IBRA debt redemption, Inflation, ISCR, Monetary base, reform effort, SDR\n\n---\n\n Content in this bundle\n\n- cr0418\n  - cr0418 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr0418 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: January 23, 2004",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451818253.002",
    "The main priority was to seek assurances that policies were on track to facilitate a smooth transition to the postprogram environment.",
    "A stable exchange rate and continued declines in inflation have allowed reductions in interest rates in support of the economic recovery.",
    "With inflation risks now more balanced, Bank Indonesia's commitment to maintain a cautious monetary stance will help safeguard the hard-won gains on inflation and exchange rate stability.",
    "The Indonesia Bank Restructuring Agency is making good progress in bringing its asset sales programs to a successful conclusion.",
    "Exchange rate: described as stable.",
    "Interest rates: reductions have been possible to support the economic recovery.",
    "Bank Indonesia policy stance: commitment to maintain a cautious monetary stance to safeguard gains on inflation and exchange rate stability.",
    "Indonesia Bank Restructuring Agency (IBRA): reported to be making good progress toward successful conclusion of its asset sales programs.",
    "Subject: Banking, Budget planning and preparation, Government debt management, Inflation, Monetary base, Money, Prices, Public debt, Public financial management (PFM)",
    "Keywords: Budget planning and preparation, conclusion of the executive board's discussion, CR, debt service, disinflation effort, GDP, Global, Government debt management, IBRA debt redemption, Inflation, ISCR, Monetary base, reform effort, SDR",
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