Indonesia: Recent Economic Developments

International Monetary Fund

No 1995/083, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; private sector; broad money; balance of payments; real GDP; savings bank; commercial bank; debt service; economic growth; exchange rate; current account; capital market; foreign exchange; fiscal policy; working capital; Exports; Oil; Imports; Public enterprises; North America; Europe; Asia and Pacific (search for similar items in EconPapers)
Pages: 99
Date: 1995-09-14
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