{"id":187964,"date":"2020-04-07T08:24:16","date_gmt":"2020-04-07T01:24:16","guid":{"rendered":"https:\/\/setkab.go.id\/?p=187964"},"modified":"2020-04-08T11:28:31","modified_gmt":"2020-04-08T04:28:31","slug":"who-imf-predict-indonesias-economy-will-still-grow-amidst-covid-19-pandemic","status":"publish","type":"post","link":"https:\/\/setkab.go.id\/en\/who-imf-predict-indonesias-economy-will-still-grow-amidst-covid-19-pandemic\/","title":{"rendered":"WHO, IMF Predict Indonesia\u2019s Economy Will Still Grow Amidst COVID-19 Pandemic"},"content":{"rendered":"<div id=\"attachment_187966\" style=\"width: 688px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-187966\" class=\"size-full wp-image-187966\" src=\"https:\/\/setkab.go.id\/wp-content\/uploads\/2020\/04\/Ekonomi-Indonesia-Tumbuh.jpeg\" alt=\"\" width=\"678\" height=\"452\" \/><p id=\"caption-attachment-187966\" class=\"wp-caption-text\">Apartment construction. (Source: Ministry of Public Works and Public Housing)<\/p><\/div>\n<p>Amid the ongoing COVID-10 pandemic, Indonesia is projected to still manage to post a positive economic growth this year, \u00a0according to the International Monetary Fund (IMF) and the World Bank.<\/p>\n<p>&#8220;Economic projections for Asia from two financial institutions\u2014the World Bank and the IMF\u2014show that only three countries are estimated to grow above 0% or post a positive growth, namely Indonesia, China and India,&#8221; Minister of Finance Sri Mulyani Indrawati said during a working meeting with Commission XI the House of Representatives (DPR).<\/p>\n<p>The meeting was also attended by Governor of central bank Bank Indonesia (BI), Chairman of the Board of Commissioners of the Financial Services Authority (OJK), and Chairman of the Board of Commissioners of the Deposit Insurance Corporation (LPS).<\/p>\n<p>During a virtual meeting via video conference on Monday (6\/4), the Minister said that Indonesia\u2019s economy would grow by 2.3% in the 2<sup>nd<\/sup> and 3<sup>rd<\/sup> quarters and it is expected to get better in the 4<sup>th<\/sup> quarter.<\/p>\n<p>&#8220;For Indonesia, the Government predicts that our economy will drop to 2.3% in the most severe scenario this year during the second quarter and will probably persist in the third quarter. Then the condition will improve in the fourth quarter,\u201d Sri Mulyani said.<\/p>\n<p>The impact of the COVID-19 pandemic, the Minister added, has also prompted countries to combine policies for large economic stimulus as the virus spread has brought enormous impact on global economic growth, including Indonesia\u2019s economy.<\/p>\n<p>&#8220;Measures taken by all countries usually consist of fiscal instruments in the form of tax incentives or tax break, additional spending in the field of health and social assistance, and maintaining the financial system to prevent potential crisis. Those measures are taken through guarantees, providing fixed loan guarantees, disbursing fixed loans, and providing refinancing or restructuring facilities,\u201d Sri explained.<\/p>\n<p>The Minister further said that Ministry of Finance together with BI, the OJK and the LPS have also carried out forward-looking assessments based on various contingencies, including under worst possibilities than the current or the already-calculated conditions.<\/p>\n<p>Ministry of Finance, she added, will also leave no stone unturned to ensure the availability of the budget to step up efforts to overcome this crisis, while maintaining the health and sustainability of the State Budget through fiscal policy, such as by refocusing programs, reallocating budgets and providing stimulus for health sector as well as to protect the public and business actors. (Public Relations of Ministry of Finance \/ EN)<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Translated by: Estu Widyamurti<\/strong><br \/>\n<strong>Reviewed by: M. Ersan Pamungkas<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amid the ongoing COVID-10 pandemic, Indonesia is projected to still manage to post a positive economic growth this year, \u00a0according to the International Monetary Fund (IMF) and the World Bank. &#8220;Economic projections for Asia from two financial institutions\u2014the World Bank and the IMF\u2014show that only three countries are estimated to grow above 0% or post [&hellip;]<\/p>\n","protected":false},"author":43,"featured_media":187966,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[77,66],"tags":[],"class_list":["post-187964","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-uncategorized-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v26.1.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>WHO, IMF Predict Indonesia\u2019s Economy Will Still Grow Amidst COVID-19 Pandemic - Sekretariat Kabinet Republik Indonesia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/setkab.go.id\/en\/who-imf-predict-indonesias-economy-will-still-grow-amidst-covid-19-pandemic\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WHO, IMF Predict Indonesia\u2019s Economy Will Still Grow Amidst COVID-19 Pandemic - Sekretariat Kabinet Republik Indonesia\" \/>\n<meta property=\"og:description\" content=\"Amid the ongoing COVID-10 pandemic, Indonesia is projected to still manage to post a positive economic growth this year, \u00a0according to the International Monetary Fund (IMF) and the World Bank. &#8220;Economic projections for Asia from two financial institutions\u2014the World Bank and the IMF\u2014show that only three countries are estimated to grow above 0% or post [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/setkab.go.id\/en\/who-imf-predict-indonesias-economy-will-still-grow-amidst-covid-19-pandemic\/\" \/>\n<meta property=\"og:site_name\" content=\"Sekretariat Kabinet Republik Indonesia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/id-id.facebook.com\/Setkabgoid\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-07T01:24:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-08T04:28:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/setkab.go.id\/wp-content\/uploads\/2020\/04\/Ekonomi-Indonesia-Tumbuh.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"678\" \/>\n\t<meta property=\"og:image:height\" content=\"452\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Office of Assistant to Deputy Cabinet Secretary for State Documents &amp; 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