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Saturday, April 12, 2014

IMF Jokowi Party Value Not Performing Well

IMF Jokowi Party Value Not Performing Well

The International Monetary Fund on Friday praised Indonesia to take decisive measures to prevent the crisis last year and voiced hope that the next government will continue the reforms .

Changyong Rhee , director of the Asia and Pacific Department of the IMF , said that the largest economy in Southeast Asia " was on the right track " after last year passed a mini crisis with projecting growth of 5.4 percent this year .

Faced with the deterioration of dollars in the past year , the country to raise interest rates and take a broader reform . Rhee appreciate Jakarta by sending " signals that this time is different from 1997 " - the Asian financial crisis in which the Indonesian currency slumped and the economy experienced a free fall .

" What is important is whether the new government will continue the reform agenda . Indonesian government really made great progress , " said Rhee told reporters at the spring meeting of the IMF / World Bank in Washington .

Rhee specifically in honor of President Susilo

Bambang Yudhoyono will end this year to cut fuel subsidies in an attempt to overcome Indonesia's current account deficit and the lack of confidence in the currency .

Subsidy reduction is " a very difficult task because it has implications for the high level of high inflation ahead of election - a politically sensitive time - but the Indonesian government brave enough to do it , " said Rhee .

Indonesia will hold presidential elections in July in which an opposition party leader , Governor Special Capital Region ( DKI ) Jakarta Joko Widodo popular , regarded as the leading candidate .

But Widodo party who does not perform well as expected in a parliamentary election on Wednesday ( 9/4 ) , raising the prospect of a coalition government heavy AFP

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