简体中文
BY APD writer Aditya Nugraha
**JAKARTA, Dec. 15 (APD) ** – Indonesia received commendation from World Bank (WB) for its economic resiliency amid volatilities in global market, thanks for the nation’s sound macroeconomic and economic policy coordination.
The commendation was suggested in WB’s recently-released Indonesia Economic Quarterly December edition report.
Praising the economic reforms applied by Indonesian government, WB attaches great importance for such a move in promoting trade and foreign direct investment (FDI), saying that it would further lessen the nation’s Current Account Deficit (CAD) and bolstering economic resiliency as well.
“Even though pressures from depreciating exchange rate value has been receding, Indonesia should overcome external pressures by expanding the exports and investments,” Senior Economist at WB Indonesia representative office Frederico Gil Sander said to publish the report here recently.
He added that Indonesia managed to secure a 5.2 percent economic growth in the third quarter this year due to its sound fiscal and monetary policies that effectively supported macro-economic policies.
The growth during the period was highly contributed by significant investment growth particularly in construction sector that apparently improved if compared to the previous quarter.
Massive government’s expenditure managed to cover the decreased public consumption that eventually propelled the nation’s consumption growth in general, he added.
Conveying WB’s projection for Indonesia’s economy condition next year, Head of WB Indonesia and Timor Leste Representative Office Rodrigo Chaves said that Indonesia may see a 5.2 percent growth, on the back of expanding investments.
Indonesian government has launched 16 economic reform packages since 2014 that highly facilitate foreign investors to invest in the country. Indonesia has received investment grade status from international rating agencies for its strong economic fundamentals and economic reform drive.
(ASIA PACIFIC DAILY)
