Indonesia: 2010 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Indonesia
IMF Staff Country Reports, September 16, 2010
Source details
- Canonical URL
- Indonesia: 2010 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Indonesia
Other formats
Bibliographic details
- Published: September 16, 2010
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781455208500.002
Overview
- Indonesia’s growth in 2009 was four and a half percent, the third highest in the G-20 group of countries.
- The pace of growth is accelerating in 2010.
- Both push and pull factors have attracted large portfolio inflows, particularly into government bonds and Short-term Bank Indonesia certificates (SBIs).
- The financial and corporate sectors were resilient to the crisis.
- The authorities are taking steps to further strengthen the resilience of the financial sector in line with the recommendations of the recent Financial Sector Assessment Program (FSAP).
Economic performance and outlook
- 2009 growth: four and a half percent.
- 2010: growth pace described as accelerating.
- Capital flows: large portfolio inflows into government bonds and SBIs driven by both push and pull factors.
Financial sector resilience and policy response
- Assessment: financial and corporate sectors showed resilience during the crisis.
- Policy action: authorities welcomed for strengthening financial sector resilience consistent with FSAP recommendations.
- Instruments highlighted: government bonds; Short-term Bank Indonesia certificates (SBIs).
Thematic focus areas (as described in the publication)
- Banking
- Financial sector policy and analysis
- Financial sector stability
- Fiscal policy
- Inflation
- Price controls
- Prices
- Public debt
Keywords and technical terms preserved from the report
- Bank Indonesia certificate
- CR
- current account
- Financial sector stability
- Global
- headline inflation
- Indonesia
- Inflation
- inflation outlook
- ISCR
- monetary management
- monetary policy transmission mechanism
- policy statement
- Price controls
- staff appraisal
Indonesia: 2010 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Indonesia (September 16, 2010).