Indonesia: 2008 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Indonesia

September 12, 2008

Summary

Indonesia’ 2008 Article IV Consultation reports that Indonesia’s growth performance remains strong despite the deteriorating global environment. The economy remains vulnerable to shifts in investor sentiment, and volatility in the government bond market has increased. The new policy of increased reselling of official foreign exchange receipts from oil exports should support the rupiah and help dampen inflation, but a more automatic mechanism for recycling official reserves would, in addition, enhance liquidity and foreign exchange market development.

Subject: Commodity prices, Energy subsidies, Expenditure, Fuel prices, Inflation, Oil prices, Prices

Keywords: Asia and Pacific, bond yield, budget outlook, budget proposal, Commodity prices, CR, draft budget, Energy subsidies, Fuel prices, Global, Inflation, ISCR, market expectation, Oil prices, Ten-year government bond bond yield

Pages:
66
Volume:
2008
DOI:
https://doi.org/10.5089/9781451818437.002
Issue:
299
Series:
Country Report No. 2008/299
Stock No:
1IDNEA2008002
ISBN:
9781451818437
ISSN:
1934-7685

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