Indonesia growth: 5% is not good enough

Mirza Adityaswara, senior deputy governor at the country's central bank, tells FinanceAsia the budget needs to be re-allocated to achieve 7% growth target.

Indonesia’s president-elect Joko “Jokowi” Widodo has promised GDP growth of 7% by 2019. However, infrastructure is in a parlous state, commodity prices  the country’s main export  are falling and an impending cut to fuel subsidies could prove a hot potato. Mirza Adityaswara, senior deputy governor at Bank Indonesia, the country’s central bank, told FinanceAsia at BI’s Jakarta offices what needs to be done to fulfill the country’s oft-touted potential.

You kept the benchmark interest rate steady at 7.5% today September 11. Are you happy with the way things are going, economically
Mirza Adityaswara Bank Indonesia has maintained rates since last year....

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