TEMPO.CO, Jakarta - Indonesia's economy may grow up to 6.5 percent (year-on-year/yoy) by 2022, the International Monetary Fund (IMF) projects, provided there is structural reform that increases productivity and attract investments.
"Fiscal and structural reform show a potential for a 6.5-percent growth in the medium run," IMF said in its 2017 Article IV Consultation for Indonesia revealed in a meeting of its directors on Wednesday, February 7, Antara reported.
The IMF praises Indonesia's economy and welcomes the focus to combine short-term policies between authorities in a bid to promote growth, while also maintaining stability.
The IMF Board of Directors concludes that Indonesia has a positive economic outlook, but the country still needs to remain alert to risks.
Bank Indonesia governor Agus D.W. Martowardojo is happy with IMF's assessment. He said that it is in line with the central bank's overview that Indonesia's economy is improving, as indicated by 2017's low inflation of 3.61 percent (yoy), an economic growth of 5.07 percent, and stable currency exchange rate.
"The Central Bank sees that there are opportunities to create stronger and sustainable domestic economic growth through the reinforcement of structural reforms," Agus said.
ANTARA
