TEMPO.CO, Jakarta - International Monetary Fund (IMF) estimates that Indonesian economy growth will reach 5.1 percent in 2017, which is boosted by the increase of consumption and private investment.
"Such contribution is a response to the recovery of commodity prices and lower bank interest rates in 2017," IMF Executive Board Luis E Breuer said in Surabaya (25/11).
IMF also praised Indonesia’s economic condition until the end this November, 2016 with 5.0 percent economic growth and 3.3 percent rate of inflation.
IMF stated that such condition is due to the support of the right and critical policies from macro economy aspect and also structural economy reform.
Furthermore, IMF commended the government’s efforts to improve fiscal structure and expand sources of revenues.
IMF was also impressed with BI’s implementation of 7 Days Reverse Repo Rate.