Sick Man of IMF no more, but...
Central Bank governor Burhanuddin Abdullah said: "With an accelerated payment of US$3.2 billion to IMF today, we're no longer the sick member, we're a normal member now, at the same level of playing field with other normal members," Detik.com quoted Abdullah today.
Bank Indonesia, the central bank, also revised up its predictions on several macro economy indicators. Inflation, for example, is projected at 6.7% and economic growth at 5.5%. What's next?
We need to convince investors (domestic & foreign) that Indonesia is a profitable place to invest in. Without inflow of investments to create more jobs, these macro economic indicators are just numbers and we're still the sick man of Asia compared to China and India.
READ MORE!!!
Bank Indonesia, the central bank, also revised up its predictions on several macro economy indicators. Inflation, for example, is projected at 6.7% and economic growth at 5.5%. What's next?
We need to convince investors (domestic & foreign) that Indonesia is a profitable place to invest in. Without inflow of investments to create more jobs, these macro economic indicators are just numbers and we're still the sick man of Asia compared to China and India.
READ MORE!!!
posted by yosef at 3:01 PM
1 Comments:
Amen to that !
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