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Jakarta Post

Exclusive: IMF talks about future of Indonesian economy, regulatory reform

  • Prima Wirayani, Adrian Wail Akhlas and Vincent Lingga

    The Jakarta Post

PREMIUM
Jakarta   /   Mon, October 26, 2020   /  03:58 pm
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People arrive for the IMF/World Bank Annual Fall Meetings Plenary Session in Washington, DC, on Oct. 18, 2019. (AFP/Andrew Caballero Reynolds)

The International Monetary Fund projects that the Indonesian economy will shrink 1.5 percent this year and rebound 6.1 percent next year. Although Southeast Asia’s largest economy is expected to recover next year, the risk of a prolonged coronavirus pandemic could adversely affect the outlook as the Washington-based institution urges the government to spend its allocated stimulus budget to boost economic activity and prevent more people from falling into poverty. The Jakarta Post’s Prima Wirayani, Vincent Lingga and Adrian Wail Akhlas interviewed IMF mission chief for Indonesia Thomas Helbling via email in mid-October about the prospects of the Indonesian economy, tax reform and the much-debated Job Creation Law. The following is an excerpt from the interview. Question: The IMF revised down its GDP projection for Indonesia to -1.5 percent this year from the previousl...