Jokowi Ogah Brings The Republic Of Indonesia To Be An IMF Patient: 97-98 Years Of Our Economy And Politics Ambruk

President Joko Widodo (Photo: Instagram @jokowi)

JAKARTA President Joko Widodo (Jokowi) revealed that a third of countries are predicted to experience a recession this year. This estimate is equivalent to 70 governments worldwide.

The President conveyed this based on the latest report released by the international financial institution, the IMF.

According to him, the continuing uncertainty has made many countries unable to withstand pressure.

In fact, these countries ask for help from third parties to help manage the risks they are facing.

"Economic shocks due to the pandemic and war have caused 47 countries to become IMF patients," he said while giving a briefing to regional heads throughout Indonesia in Bogor, Tuesday, January 17.

The president himself said that he did not want to bring Indonesia on the current IMF long list, given the past memory that was deemed not to be wearing.

"We remember that in 97/98 Indonesia became a patient of the IMF, (at that time) it collapsed economically and collapsed politically. There are 47 countries (now), and others are still queuing up at their doors to the IMF," he said.

Therefore, RI 1 asks its staff to synergize their views in order to overcome the 2023 challenge which is believed to be heavier than 2022.

"We must have the same frequency in dealing with difficult situations. Global conditions are now overshadowed by the scourge of inflation (high)," he said.

To note, throughout 2022 Indonesia is one of the countries that benefit in the midst of increasing external pressure.

One of the most visible is the soaring state revenues from the commodity sector, such as coal and palm oil, due to rising prices in the international market.

The collapse durian moment (windfall) became its own capital to patch the allocation of the energy subsidy/compensation budget that reached more than IDR 500 trillion last year.

In addition, the abundance of the country's coffers is a valuable provision for the government in navigating the uncertainty in 2023 in line with the APBN deficit madatory which must return to the level below 3 percent of GDP.