Despite heightened global uncertainty, Indonesia’s economic outlook continues to look positive, with domestic demand being the main driver of growth. Supported by robust investment, stable inflation and a strong job market, Indonesia’s economic growth is forecast to reach 5.2 per cent in 2019. The upgrading of Indonesia’s credit rating in May by S&P Global Ratings reflects Indonesia’s strong economic prospects and supportive policy dynamics, particularly with President Joko ‘Jokowi’ Widodo’s recent re-election for a second five-year term and his pledge to speed up infrastructure spending.
In this off-the-record briefing, Indonesia’s Minister of Finance, Sri Mulyani Indrawati, and Director of the Financial Services Authority (OJK), Dr Wimboh Santoso, will brief Asia House Corporate Members on the current state of Indonesia’s financial sector and broader economy, as well as the direction that President Jokowi will be taking as he begins his second-term reform drive.
Indrawati has been Minister of Finance since July 2016, where she has been successful in narrowing the budget gap and improving tax compliance. Prior to this, she was an Executive Director at the International Monetary Fund (IMF), the Managing Director and Chief Operating Officer of the World Bank (2010-2016), and served as Minister of Finance from 2005 to 2010.
Dr Santoso was appointed chair of the OJK in July 2017, where he oversees the regulation and supervision of Indonesia’s capital markets and financial institutions. He was previously President Commissioner at Bank Mandiri from 2015 to 2017 and Executive Director at the International Monetary Fund (IMF) from 2013 to 2015. He also had a brilliant career at Bank Indonesia, where he served in various roles including as the Bank’s representative in New York from 2012 to 2013.
This briefing is held exclusively for Asia House Corporate Members. For more information, please contact firstname.lastname@example.org.