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IMF calls for complete structural reformation

Wednesday, 10 Oct 2018
IMF calls for complete structural reformation
Managing Director of the International Monetary Fund (IMF) Christine Lagarde speaks at the Joint People's Bank of China-International Monetary Fund High-Level Conference in Beijing on April 12, 2018. (AFP/Wang Zhao)

Aburizal Bakrie to strengthen Golakr's support to Jokowi

Koran Tempo

The National Campaign Team (TKN) of President Jokowi and running mate Ma’ruf Amin has ensured that the pair received the support of Golkar Party advisory board chief Aburizal Bakrie in the upcoming 2019 presidential election. Following a meeting between the team and Aburizal yesterday, Oct. 9, the TKN deputy head Abdul Kadir Kading stated that Aburizal’s support would bolster the  support of the party’s elites and deny the allegations that the party was divided in supporting JokowiMa’ruf. The meeting between the team and Aburizal was conducted amidst reports that Aburizal would pledge his support for Jokowi’s challenger, Prabowo Subianto. Recently, Prabowo’s camp claimed that there was a senior politician from Golkar who supported Prabowo in next year’s presidential election.


IMF calls for complete structural reformation

Bisnis Indonesia, headline; Kontan, p.2

International Monetary Fund (IMF) chief economist Maurice Obstfield urged emerging countries in Southeast Asia, including Indonesia, to accelerate structural reformation such as repairing current account deficit and adopting pro-productivity policies, during an IMF October Outlook launch in the World Bank – IMF annual meeting on Tuesday. Titling “World Economic Outlook October 2018: Challenges to Steady Growth”, the report projects a slower global economic growth to 3.7 percent from 3.9 percent in April 2018, due to increasing global economic tension from protectionism. Maurice invited emerging countries to enhance financial resiliency through collaborative fiscal, monetary, macroprudential and currency policies. In particular, he proposed that emerging market governments extract higher tax to open more room for investment and inclusive economy through multi-public sectors improvement, e.g. improving education system and social protection system.