Tuesday, May 20, 2014

BI Governor: Structural Reforms Spur Economic Growth

Governor of Bank Indonesia (BI) Agus Martowardojo emphasized the need for structural reforms in the country.

Structural reforms required that the Indonesian economy to grow tall.

"Indonesia can not grow above 6-9 percent if no structural reform," he stated in the National Workshop themed Nations Economic Awakening, Tuesday (20/5).

Therefore, the central bank will encourage local authorities to take steps that can be taken to support structural reforms.
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BI also requested that local governments can suppress inflation. Inflation in 2013 was as high as 8.3 percent.

The figure is the highest among ASEAN countries highest.
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"It is in Indonesia every necessary adjustments to reduce fuel subsidies inflation.

What local government efforts to rein in inflation, "he said.


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