Indonesia: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Indonesia
IMF Staff Country Reports, March 15, 2016
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- Indonesia: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Indonesia
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Bibliographic details
- Published: March 15, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513583624.002
Key findings and assessment
- Indonesia has weathered challenging economic conditions well.
- The economy has safely navigated the commodity price shocks, tightening financial conditions, and repeated bouts of turbulence in global financial markets, assisted by broadly appropriate macroeconomic policies.
- The Indonesian economy, however, is still facing headwinds.
- The 2015 Article IV consultation is focused on the need to manage short-term vulnerabilities and to boost potential growth in the medium-term.
- The challenge for Indonesia will be to follow through on the reforms that the government has already launched and undertake further macrocritical reforms to boost productivity and diversify growth, while maintaining macroeconomic and financial stability.
Policy implications and recommendations
- Manage short-term vulnerabilities through appropriate macroeconomic and financial policies.
- Boost potential growth in the medium-term by following through on launched reforms.
- Undertake further macrocritical reforms to boost productivity and diversify growth.
- Maintain macroeconomic and financial stability while implementing reforms.
Subject coverage and keywords
- Subject: Energy subsidies, Expenditure, External debt, Foreign exchange, Infrastructure, National accounts, Public debt
- Keywords: central government deficit, core inflation, CR, deficit, Energy subsidies, equity price, Global, government plan, IMF financial system assessment program mission, Infrastructure, ISCR, market, staff appraisal