BI states IMF appreciates Indonesia's consistency in maintaining economic stability
Jakarta (ANTARA) - Bank Indonesia (BI) states that the International Monetary Fund (IMF) and several global investors appreciate Indonesia’s consistency in maintaining macroeconomic stability.
Director of the BI Communication Department, Anton Pitono, in a statement received in Jakarta on Wednesday, said this appreciation reflects Indonesia’s success in preserving stability through solid synergies between fiscal and monetary policies, disciplined maintenance of budget deficits below 3 percent, and adaptive policy responses to external pressures.
According to Anton, IMF Managing Director Kristalina Georgieva conveyed this appreciation during a meeting with the Governor of Bank Indonesia, the Indonesian Finance Minister, and members of the House of Representatives (DPR) as part of the IMF Spring Meetings on Tuesday (14/4).
“In the midst of increasingly complex global dynamics, Indonesia is assessed to be capable of optimally managing the balance between stability and growth, while maintaining growth momentum supported by strong domestic demand,” said Anton.
During the IMF Spring Meetings, BI also continued outreach activities with global investors to reaffirm that Indonesia’s economy remains on the right track and is well-managed amid rising global uncertainties.
Indonesia’s economic performance is assessed as remaining solid, supported by strong domestic demand, inflation maintained within target ranges, and recovery in banking intermediation. This demonstrates the resilience of the national economy amid external pressures.
BI emphasises that the policy responses undertaken are no longer conventional but through integrated and adaptive policy mixes.
This approach combines monetary policy focused on stability, macroprudential policy that is pro-growth, and strengthening of the payment system to support economic activity and digitalisation.
He said that amid global dynamics, the central bank reaffirms its commitment to maintaining stability through flexible yet measured exchange rate management, strengthening monetary instruments to preserve the attractiveness of domestic assets, and cautious liquidity management to continue supporting growth.
Close synergy with the government in maintaining fiscal discipline, including the commitment to keep deficits below 3 percent of GDP and reallocation of expenditure to productive sectors, further strengthens the credibility of national policies, he stated.
In the medium term, Indonesia also reaffirms its direction towards structural transformation to a higher value-added economy through downstreaming and development of technology-based sectors.
“Overall, this series of meetings strengthens investor confidence that Indonesia is not only resilient but also increasingly adaptive and credible in maintaining stability and driving sustainable growth amid global challenges,” Anton explained.