Indonesia\'s Economy Faces Three Challenges Next Year
http://dervishcom.blogspot.com/2011/11/indonesias-economy-faces-three.html
Indonesia should take steps to anticipate three crucial conditions and challenges the national economy will meet in 2012, the central bank (BI) governor said.
BI Governor Darmin Nasution said at the House of Representatives (DPR) here on Tuesday the first challenge the country’s economy would face next year was the possible impact of a worsening of the United States and European financial crisis. Indonesia must anticipate the implications of global economic downturns for its economic growth.
"The second challenge is the big volume of capital inflow while there are disparities in the policies of the advanced and developing countries."
BI as Indonesia’s monetary authority, Darmin said, would adopt a policy to maintain resilience and capability so that monetary stability would remain under control. The central bank would also apply a financial system to support sustainable economic growth.
"This is the first challenge." Darmin added the direction of BI’s policy next year was to maintain economic stability and growth amid global economic challenges.
In order to support the policy, BI had set strategic targets such as maintaining the stability of the rupiah’s exchange rate, effective monetary policy and guarantee safe, efficient and sound financial system as well as an efficient, smooth and safe payment system, the BI governor said.
BI Governor Darmin Nasution said at the House of Representatives (DPR) here on Tuesday the first challenge the country’s economy would face next year was the possible impact of a worsening of the United States and European financial crisis. Indonesia must anticipate the implications of global economic downturns for its economic growth.
"The second challenge is the big volume of capital inflow while there are disparities in the policies of the advanced and developing countries."
BI as Indonesia’s monetary authority, Darmin said, would adopt a policy to maintain resilience and capability so that monetary stability would remain under control. The central bank would also apply a financial system to support sustainable economic growth.
"This is the first challenge." Darmin added the direction of BI’s policy next year was to maintain economic stability and growth amid global economic challenges.
In order to support the policy, BI had set strategic targets such as maintaining the stability of the rupiah’s exchange rate, effective monetary policy and guarantee safe, efficient and sound financial system as well as an efficient, smooth and safe payment system, the BI governor said.
