Finance Minister Purbaya Responds to World Bank's Downward Revision of Indonesia's Economic Growth Projection
Jakarta (ANTARA) - Finance Minister Purbaya Yudhi Sadewa has responded to the World Bank’s projection that cuts Indonesia’s economic growth from 4.8 percent to 4.7 percent.
According to him, the World Bank’s calculations in assessing the Indonesian economy are not entirely accurate. In this regard, Purbaya is more focused on implementing several strategies to boost national economic growth.
“What is important for us is to ensure good programmes, the financial system is ready to support economic growth, and the investment climate improves,” Purbaya said when met in Jakarta on Thursday.
He is confident that Indonesia’s economic growth will strengthen again in line with the government’s efforts to maintain stability and encourage investment. According to him, if global oil prices return to normal, the World Bank will revise its prediction again.
“I think with such efforts, economic growth will turn around later. I am sure the World Bank calculates that due to the impact of high oil prices. If in a month from now oil prices drop back to normal levels, the World Bank will certainly change its prediction,” he stated.
The state treasurer also mentioned that the World Bank, in assessing economic growth, has not yet fully considered the Prabowo Subianto administration’s strategies for maintaining economic growth.
“Perhaps the World Bank does not yet know my secret moves (economic strategies) and Mr Prabowo’s secret moves,” he explained.
The World Bank in its East Asia and Pacific Economic Update report for April 2026 has lowered the projection for Indonesia’s economic growth to 4.7 percent in 2026, lower than the October 2025 projection of 4.8 percent.
In the report, the slowdown is influenced by external pressures, particularly the rise in global oil prices and increasing risk-off sentiment among investors in international financial markets.
The World Bank also notes that the impact of these pressures can be partially offset by commodity revenues and government-driven investment initiatives.
Indonesia is assessed to still have economic buffers, including from commodity exports, which can cushion the impact of rising energy costs in the short term.