TEMPO.CO, Jakarta - The Asian Development (ADB) projected that Indonesia's economy will grow by 5.1 percent this year, higher than last year's 5.0 percent growth. Indonesia's economy will be supported by improved private investments and strong consumption.
The ADB also estimated that Indonesia's inflation rate in 2017 will increase to 4.0 percent from last year's 3.5 persen.
"I'm very impressed with the government's commitment to reform policies, which increases the market's trust," ADB president Mr. Takehiko Nakao wrote in a statement on Wednesday, February 1, 2017.
Today, Mr. Nakao met President Joko Widodo. Nakao reiterated ADB's support for the government's commitment to achieve financial inclusion. Mr. Nakao will also meet with Sri Mulyani and National Development Planning Minister Bambang Brodjonegoro during his two-day visit to Indonesia.
In a discussion with President Widodo, Nakao lauded the government's economic policies in facing global uncertainties. Since September 2015, Indonesia has released 14 policy packages aimed at increasing investment, improving competitiveness, and diversifying the economy.
ABDUL MALIK