Indonesia’s Economic Growth Stays Strong Despite Global Challenges, Says IMF
Indonesia: The International Monetary Fund (IMF) has commended Indonesia's robust economic growth despite global uncertainties, as highlighted in the 2024 Article IV Consultation report. The IMF noted Indonesia's success in maintaining inflation within the target range and ensuring financial sector resilience, attributing this to the country's prudent policy framework in monetary, fiscal, and financial sectors. The IMF praised Indonesia's commitment to fiscal discipline, inflation control, and data-dependent monetary policy, along with efforts to strengthen macroprudential measures and the growth agenda toward achieving high-income status by 2045. The report projects that Indonesia's economic growth will remain strong, at 5% in 2024 and 5.1% in 2025, despite risks from global economic conditions. Bank Indonesia echoed the IMF's positive outlook and emphasized ongoing policy coordination with the government to sustain economic momentum and stability.
Source: The Star
Comments