Thu, 25 Jan 2007
Jakarta (ANTARA News) - Having succeeded in bringing down interest rates and inflation, the real challenge for Indonesia now is to accelerate economic growth, visiting IMF managing director Rodrigo de Rato said.

"The need for the country to increase its growth is certainly a very important challenge... and I think the government is taking the right approach to it," he told reporters after meeting with President Susilo Bambang Yudhoyono.

The government is projecting GDP growth to increase to 6.3 pct this year from 5.8 pct estimated for 2006.

Rato's visit comes after Indonesia prepaid all its outstanding debt to the IMF last year.

"We welcome the decision (to prepay the debt) because it shows the strength of the Indonesian economy," he was quoted by XFN Asia as saying.

Rato said he was visiting Indonesia as part of a trip to the region to hear the views of its leaders on both domestic and gloabl issues, as well as on the IMF's performance and role. (*)


Thu, 25 Jan 2007
From: JakChat
Comment by naga
If they failed to reach their target in 2006, then they don't have any chance of reaching 6.3% this year...but i suppose that's still the IMF's fault.

It just blows me away that a country with reverse FDI and a bankrupt govt can still achieve over 5% growth based on the sale of Indo-mie, cigarettes and Bensin...faaark


Thu, 25 Jan 2007
From: JakChat
Comment by KuKuKaChu
almost all the growth is due to the strength of the domestic economy. that won't last forever.

just imagine what growth indonesia could achieve if the govt/bureaucracy *did* get their FDI act together!


Thu, 25 Jan 2007
From: JakChat
Comment by naga
that's my point exactly....



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