Finance Minister Sri Mulyani Expresses Confidence in Indonesia's Economic Resilience
Jakarta, INTI - Amidst the busy agenda of the Spring Meetings of the World Bank and IMF 2024, Finance Minister Sri Mulyani had the opportunity to be interviewed by Bloomberg TV for the segment Bloomberg Markets: The Close.
In the interview, host Alix Steel initiated the discussion by inquiring about the pressure faced by the Indonesian rupiah exchange rate amid the strengthening of the dollar.
Minister Sri Mulyani stated that the current global situation would undoubtedly impact Indonesia's economy. Regarding exports, a strong dollar could benefit by increasing revenue. However, on the flip side, the conversion of the dollar to the rupiah could raise import costs and potentially trigger inflation in Indonesia.
The government continues to monitor and anticipate these developments. Minister Sri Mulyani expressed confidence that Indonesia would remain resilient in facing this situation.
Macro-economic stability will continue to be maintained, both in terms of monetary and fiscal aspects. Cooperation with the Bank of Indonesia is being enhanced to adapt to the existing pressures. From a fiscal standpoint, the government ensures that the state budget plays an effective and credible shock-absorbing role.
Before concluding the interview, host Romaine Bostick also challenged Minister Sri Mulyani with a question: whether Indonesia's economic growth at the 5% level is still achievable.
Minister Sri Mulyani affirmed that Indonesia remains optimistic and confident in maintaining strong economic resilience, as evidenced during the previous pandemic crisis. Despite the high global interest rates and inflation, Minister Sri Mulyani believes that Indonesia's economy will remain stable according to target, supported by strong exports and a trade surplus.
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