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July 1, 2019
Indonesia: 2019 Article IV Consultation - Press Release and Staff Report
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Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussions, known as "Article IV consultations", with member states, usually every year. Article IV consultation reports can be useful sources of financial and economic data for the assessment and diagnostic phase of an integrated national financing framework (INFF).
During this Article IV consultation, an IMF team of economists visited Indonesia to assess economic and financial developments and discuss the country's economic and financial policies with government and central bank officials. Discussions were held May 1-14 2019.
The consultation found that the Indonesian economy performed well in 2018, despite external headwinds, including capital flow reversals. President Joko Widodo was been re-elected for a second term and has committed to push ahead with economic reforms. Creating quality jobs for the young and growing population to harness Indonesia’s demographic dividend requires a stronger impetus to growth, which has been constrained by structural weaknesses, including low tax revenues, shallow financial markets, and labour and product market rigidities.
