A: Improve macroeconomic stability

A: Improve macroeconomic stability

1. Government debt below 100% of GDP (2001), 90% (2002), 809%
(2003)

2. Base money growth program consistent with inflation below
10%

3. Primary (non-interest) surplus of at least 1.5% of GDP

B. Accelerate bank- and corporate restructuring

1. Agreement on corporate restructuring principles

2. IBRA cash recovery Rp 27 trillion during 2001

3. Complete privatization of BCA and Bank Niaga

C. Set medium-term direction of rice policy

1. Establish and operationalize interdepartmental working
group of rice policy.

2. Adopt agreed strategy for future rice policy, including
price and trade policy, the role of BULOG, and productivity
enhancing measures for farmers.

D. Strengthen public procurement and financial management

1. Establish and operationalize two high-level committees to
guide reform of procurement and financial management system.

2. Adopt and publish satisfactory action plan to reform the
organizational structure and legal frameworks for procurement.

3. Submit acceptable laws on state finance, treasury and audit
to Parliament.

E: Prepare broad-based poverty reduction strategy

1. Draft agenda on poverty reduction strategy to facilitate
consultations

2. Initiate multi-stakeholders consultations

Source: World Bank