The Jakarta Post
President Joko "Jokowi" Widodo held a bilateral meeting with Organization for Economic Cooperation and Development (OECD) secretary-general Angel Gurría at the State Palace in Jakarta on Monday.
In the bilateral meeting with Jokowi and Coordinating Economic Minister Darmin Nasution, Gurria discussed cooperation between Indonesia and the OECD, as well as recommendations to help boost the economy.
"Indonesia and the OECD have been collaborating since 2012 in many areas, such as tax reform and education. There are about six to seven sectors, some of which are going well, while others need some improvement," Darmin said.
In its latest economic summary released in June, the OECD projected Indonesia's economic growth to pick up gradually next year and reach 5.5 percent by the end of 2017, driven by paced-up public spending and the strengthening rupiah.
On fiscal side, the OECD said the government's focus on removing several investment plans had led to ample fiscal support.
Meanwhile, the low prices for many primary commodities, uncertainty in regulations, inconsistency in domestic industry protection and openness to foreign investment and free trade were said to potentially hold back private investment and hurt business confidence.
In Jakarta, Gurría will launch the OECD-Indonesia Joint Work Program for 2017-2018, along with the 2016 Economic Survey of Indonesia and the 2016 Open Government Review of Indonesia. Finance Minister Sri Mulyani Indrawati and National Development Planning Board (Bappenas) head Bambang Brodjonegoro are scheduled to attend the event. (ags)