Tuesday, 09 October 2018 11:14

Indonesia Proposes 4 Points of Economic Recovery at IMF-WB Meeting

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Indonesia Proposes 4 Points of Economic Recovery at IMF-WB Meeting VOI-ANDY

Bank Indonesia Governor Perry Warjiyo, Monday in Nusa Dua Bali said, Indonesia proposed 4 main points at the annual meeting of the International Monetary Fund (IMF)-World Bank (WB) in Bali. He said, the four points are the harmonization of policies among countries for global recovery, non-state budget infrastructure financing, digital economy and Islamic economics and finance.

 

"How do we voice that there is a strengthening of coordination and harmonization of policies among countries on how to jointly restore the global economy and overcome a number of risks and global uncertainties. This is related to how to make the world economic growth not only be supported by the US but also by other countries including in particular emerging market countries. It also includes how to normalize the monetary policy. Including the increase in the US interest rates as well as other countries, including also about trade tensions in various countries. We will voice Indonesia's interests in this context so that the global economic recovery can be more balanced, the increase in interest rates in developed countries can be more clearly directed and there is also progress in resolution or resolution on trade tensions between countries," said Perry.

According to Perry Warjiyo, Indonesia wants to encourage the creation of significant influence from developing countries on the formation of global economic growth so that the dynamics of the world economy are not only controlled by developed countries such as the United States (US). (VOI/Ndy/AHM)

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