{
  "title": "Indonesia: 2011 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Indonesia",
  "publication": "IMF Staff Country Reports, October 21, 2011",
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  "summary": "The Indonesian economy proved resilient during the global financial crisis, and has since continued to grow at a robust rate. Increases in both foreign and domestic investment are expected to offset lower growth contributions from net exports as import demand rises.",
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    {
      "heading": "Summary of economic performance and outlook",
      "content": "- The Indonesian economy proved resilient during the global financial crisis, and has since continued to grow at a robust rate.\n- Increases in both foreign and domestic investment are expected to offset lower growth contributions from net exports as import demand rises.\n- A key risk is deterioration in growth for advanced economies.\n- Continued exchange rate flexibility will be important in managing volatile capital flows, and the build-up in reserves.\n- Fiscal developments are consistent with the government’s firm commitment to sustainability and strong public finances."
    },
    {
      "heading": "Major themes and policy implications",
      "content": "- Exchange rate policy:\n  - Continued exchange rate flexibility is highlighted as important to manage volatile capital flows and reserve accumulation.\n- Investment and external sector:\n  - Rising foreign and domestic investment are expected to compensate for lower growth contributions from net exports due to higher import demand.\n- External risk assessment:\n  - Deterioration in growth for advanced economies is identified as a key risk to Indonesia’s outlook.\n- Fiscal stance:\n  - Fiscal developments are described as consistent with a firm commitment to sustainability and strong public finances."
    },
    {
      "heading": "Subject classification and keywords",
      "content": "- Subject: Banking, Financial markets, Fiscal policy, Inflation, Money markets, Prices, Public debt, Revenue administration\n- Keywords: August, bond price fluctuation, CR, export proceeds, Global, headline inflation, Indonesian market, Inflation, inflation expectation indicator, investment activity gains momentum, ISCR, Money markets, proceeds\n\n---\n\n Content in this bundle\n\n- cr11309\n  - cr11309 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr11309 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: October 21, 2011",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781463922696.002",
    "The Indonesian economy proved resilient during the global financial crisis, and has since continued to grow at a robust rate.",
    "Increases in both foreign and domestic investment are expected to offset lower growth contributions from net exports as import demand rises.",
    "A key risk is deterioration in growth for advanced economies.",
    "Continued exchange rate flexibility will be important in managing volatile capital flows, and the build-up in reserves.",
    "Fiscal developments are consistent with the government’s firm commitment to sustainability and strong public finances.",
    "Exchange rate policy:",
    "Investment and external sector:",
    "External risk assessment:",
    "Fiscal stance:",
    "Subject: Banking, Financial markets, Fiscal policy, Inflation, Money markets, Prices, Public debt, Revenue administration",
    "Keywords: August, bond price fluctuation, CR, export proceeds, Global, headline inflation, Indonesian market, Inflation, inflation expectation indicator, investment activity gains momentum, ISCR, Money markets, proceeds",
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