Indonesia: 2008 Article IV Consultation-Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Indonesia

International Monetary Fund

No 2008/299, IMF Staff Country Reports from International Monetary Fund

Abstract: Indonesia’ 2008 Article IV Consultation reports that Indonesia’s growth performance remains strong despite the deteriorating global environment. The economy remains vulnerable to shifts in investor sentiment, and volatility in the government bond market has increased. The new policy of increased reselling of official foreign exchange receipts from oil exports should support the rupiah and help dampen inflation, but a more automatic mechanism for recycling official reserves would, in addition, enhance liquidity and foreign exchange market development.

Keywords: ISCR; CR; budget proposal; Ten-year government bond bond yield; draft budget; bond yield; market expectation; budget outlook; Inflation; Fuel prices; Commodity prices; Energy subsidies; Oil prices; Global; Asia and Pacific (search for similar items in EconPapers)
Pages: 66
Date: 2008-09-12
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