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Executive Column: BofA sees ‘massive influx’ of offshore funds
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Mira Arifin, Bank of America’s Indonesia country manager (Bank of America/-)
B
ank of America (BofA) notes that Indonesia has been quick to take advantage of capital markets reopening at the start of this year and envisions more investments coming into the country on the back of more positive sentiment than 2022.
The Jakarta Post’s Mark Lempp and Fadhil Haidar Sulaeman spoke to Mira Arifin, Indonesia country manager at Bank of America, on Jan. 27 about how this translates to opportunities for the multinational investment bank and its clients in Southeast Asia’s largest economy.
Question: How do you see Indonesia's economy last year?
Answer: Indonesia’s GDP growth is robust compared to a lot of nations surrounding us. And, you know, compared to the developed markets as well.
I would say that the Indonesian government has done an excellent job in 2022, navigating the global environment and the Indonesian economy. You could see the excellent synergy in the government, the Finance Ministry and the central bank. All have done an amazing job.
What are your macroeconomic expectations for this year?
