Indonesian Political, Business & Finance News

RI growth to resume in 2000

| Source: JP

RI growth to resume in 2000

WASHINGTON (JP): Top Indonesian economic officials have
expressed optimism that economic growth will resume in the
country in 2000, although more reforms are needed to win back
market confidence.

"The recovery will take some time. Of course, the success of
the whole thing will also depend on the world economy (and) the
Japanese economy in the year to come," Bank Indonesia governor
Syahril Sabirin told reporters in Washington on Thursday.

Syahril and Minister of Finance Bambang Subianto were in
Washington to attend the World Bank and International Monetary
Fund meeting, which ended on Thursday.

Bambang said Indonesia's priority was to win back market
confidence and "to get the money flowing back into Jakarta so
that the economy can grow."

During the meeting, Indonesia gained strong support from the
international community. "We also got specific support from
Japan," he told journalists at the Indonesian embassy. (27)

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