Indonesia: 2022 Article IV Consultation-Press Release; Staff Report; Staff Statement; and Statement by the Executive Director for Indonesia

Author: International Monetary Fund. Asia and Pacific Dept

Volume/Issue: Volume 2022 Issue 084

Publication date: March 2022

ISBN: 9798400203886

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Topics covered in this book

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Economics- Macroeconomics , Money and Monetary Policy , Public Finance , Business and Economics - Statistics , International - Economics , FDI inflow , staff appraisal , portfolio inflow , balance of payments report , policy support , COVID-19 , Credit , Economic recovery , Anti-money laundering and combating the financing of terrorism (AML/CFT) , Global

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Summary

As elsewhere, the COVID-19 pandemic has led to tragic loss of life and triggered a major economic downturn in Indonesia. The authorities have responded with a bold and comprehensive policy package that has successfully maintained economic and financial stability. With the recovery underway, they have begun to withdraw the exceptional support measures. Nevertheless, the pandemic has caused scarring and reinforced the need to tackle longstanding structural challenges.