Publication: Indonesia - Accelerating Recovery in Uncertain Times : Brief for the Consultative Group in Indonesia
Date
2000-10-13
ISSN
Published
2000-10-13
Author(s)
World Bank
Abstract
The study reviews Indonesia's
recovery so far, which in spite of only modest growth, is
taking hold, and its base has expanded beyond consumption.
With inflation under control, real wages are rising again,
and poverty declined from a peak of over twenty three
percent. The rapid export growth, and high oil prices were
factors to offset capital outflows, thus, Indonesia's
cushion of international reserves increased, lowering the
deficit, and limiting financing needs, which resulted in
bank, and corporate emergence. But financial markets were
doubtful of the real economic developments, aggravated by
political turmoil, and the developments in East Timor, which
created market uncertainty. However, the study reflects
optimism on the country's agenda, encouraged by the
Government's program to accelerate recovery, with broad
domestic and international support. The study examines
policy options for fiscal sustainability, and the role of
donors, and, assesses poverty within a constructive strategy
for the future, exploring as well governance improvement
through legal and judiciary reforms, suggesting the rule of
law is still far from being assured. The study recommends
changes within the political process, and to its legal
system and civil service, as well as changes from the role
of the military, to the way Government handles its finances.
Link to Data Set
Citation
“World Bank. 2000. Indonesia - Accelerating Recovery in Uncertain Times : Brief for the Consultative Group in Indonesia. © Washington, DC. http://hdl.handle.net/10986/14985 License: CC BY 3.0 IGO.”