JAKARTA - Bank Indonesia (BI) revealed that Indonesia has again become one of the bright spots in the global economy.
This is supported by solid economic fundamentals, credible policies, and resilience that remains maintained despite increasing global uncertainty.
The International Monetary Fund (IMF) together with global investors appreciated Indonesia's consistency in maintaining macroeconomic stability.
This effort is reflected in the strong synergy between fiscal and monetary policies, the discipline of keeping the budget deficit below 3 percent of GDP, and adaptive and forward-looking policies in responding to external pressures.
In the midst of the complexity of global dynamics, Indonesia is considered capable of balancing stability and growth optimally, and the momentum of economic growth remains maintained, especially thanks to strong domestic demand.
This was conveyed by the Managing Director of the IMF, Kristalina Georgieva, in her meeting with the Governor of Bank Indonesia Perry Warjiyo, the Minister of Finance of the Republic of Indonesia Purbaya Yudhi Sadewa, and members of the Indonesian House of Representatives in the IMF Spring Meetings series on April 14.
During the forum, Perry also continued to communicate with global investors to confirm that the Indonesian economy remained on the right track and was well managed, even though it faced increased global uncertainty.
He explained that the continued solid economic growth, supported by strong domestic demand, controlled inflation according to target, and the recovery of banking intermediation, showed that Indonesia's economic resilience remained consistent amid external pressures.
Furthermore, Perry emphasized that the policies being taken are no longer conventional, but rather prioritize a mix of integrated and adaptive policies by combining monetary policies that focus on stability.
"Pro-growth macroprudential policies, as well as strengthening the payment system to support economic activity and digitization," he said in a statement, Wednesday, April 15.
Bank Indonesia also emphasized its commitment to maintaining stability through flexible but measured exchange rate management, strengthening monetary instruments to maintain the attractiveness of domestic assets, and careful liquidity management to continue to encourage growth.
Close synergy with the government in maintaining fiscal discipline, including maintaining a deficit below 3 percent of GDP and directing spending to the productive sector, further strengthens the credibility of national policies.
In the medium term, Indonesia continues to encourage structural transformation towards an economy with higher added value, among others through downstream and the development of technology-based sectors.
Overall, this series of meetings further strengthens investors' confidence that Indonesia is not only resilient, but also increasingly adaptive and credible in maintaining stability and encouraging sustainable economic growth amid global challenges.
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