Indonesia: Eleventh Review Under the Extended Arrangement
January 23, 2004
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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.
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
Pages:
36
Volume:
2004
DOI:
Issue:
018
Series:
Country Report No. 2004/018
Stock No:
1IDNEA0012004
ISBN:
9781451818253
ISSN:
1934-7685
