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Jakarta Post

RI needs to maintain its charm as destination for trade, investment

  • Esther Samboh

    The Jakarta Post

Jakarta   /   Sat, July 7 2012   /  09:00 am

The International Monetary Fund (IMF) is effectively reminding Indonesia of its own proverb that things are easier to achieve than to maintain, amid its recent domestic policy shifts.

Indonesia’s economic growth rate has been forecast to drop to 6.1 percent this year on weakening global conditions-lower than the government’s 6.5 percent target — but “free and open trade regime and investment climate will be important to propel growth further”, according to the international lender.

“It’s very important for Indonesia to continue to be seen as a very attractive destination for both trade as well as for investment [...] to the extent that the government can clarify and come up with a consistent, coherent framework — that will also assure investors,” Sanjaya Panth, division chief in the IMF’s Asia and Pacific Department, said on Friday.

Recent policie...