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