Jokowi meets IMF delegation to discuss Indonesia’s economy

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Jokowi IMF
President Jokowi received IMF delegation (Source: BPMI Setpres/Muchlis Jr)

Jakarta, IO – President Joko Widodo received the International Monetary Fund (IMF) delegation at the Bogor Presidential Palace, West Java, Sunday (17/7). The delegates were IMF Managing Director Kristalina Georgieva, IMF Asia and Pacific Department Director Krishna Srinivasan, and IMF Senior Representative for Indonesia James Walsh.

Coordinating Economic Minister Airlangga Hartarto said during the meeting President Jokowi conveyed a number of things to the IMF regarding the economic situation in Indonesia.

“Indonesia’s economy is relatively good where inflation is around 4.2 percent, growth is 5.01 percent. Compared to other countries, we have a debt to GDP ratio of around 42 percent, while other countries reach 100 percent. Then deficit is still around 4 percent and the current account deficit is 0.5 percent and our trade balance continues to be positive for 26 months, and Indonesia has a foreign reserve of US$135 billion,” Airlangga noted on Monday (18/7).

Airlangga explained that the government still hopes that the IMF will continue to support and provide a positive narrative for the Indonesian economy, especially in facing the global crisis.