Indonesia: Recent Economic Developments

September 14, 1995

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Indonesia: Recent Economic Developments, (USA: International Monetary Fund, 1995) accessed November 22, 2024

Summary

This paper reviews economic developments in Indonesia during the 1990s. The adjustment effort during 1991/92–1992/93 was marked by a tightening of monetary policy, and measures were also taken to curb new external borrowing. Interest rates rose sharply, as large amounts of central bank debt certificates were placed with the domestic banking system and Bank Indonesia sharply curtailed its foreign exchange swap operations. The expansion in domestic demand gained momentum during 1994/95, rising in real terms by 9 percent.

Subject: Banking, Commodities, Economic sectors, Exports, External debt, Imports, International trade, Oil, Public enterprises

Keywords: Asia and Pacific, Balance of payments, Broad money, Capital market, Commercial bank, CR, Current account, Debt service, Economic growth, Europe, Exchange rate, Exports, Fiscal policy, Foreign exchange, Imports, ISCR, North America, Oil, Private sector, Public enterprises, Real GDP, Savings bank, Working capital

Publication Details

Pages:

99
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 1995/083
Stock No:

1IDNEA0011995
ISBN:

9781451818185
ISSN:

1934-7685

Notes

This report on recent economic developments in Indonesia was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. In releasing this document for public use, confidential material may have been removed at the request of the member.

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