Indonesia welcomes IMF Chief Christine Lagarde

Indonesia President Joko Widodo met with International Monetary Fund (IMF) chief, Christine Lagarde, at the presidential palace on Monday (February 26).

In a short meeting, Lagarde and Widodo held a discussion on the plan of annual IMF and World Bank meetings in October in resort island Bali. Widodo also took Lagarde on a short visit to one of the biggest textile markets in Indonesia.

Lagarde is on a four-day trip to Indonesia to attend conferences with high-ranking officials, including Indonesian Finance Minister, Sri Mulyan, and Indonesian Central Bank Governor, Agus Martowardojo.

The IMF, in its annual review of Indonesia’s economic policies, released in Washington on Febraury 6, projected annual inflation to remain at around 3.5 percent, with well-anchored inflation expectations.

Indonesia’s current account deficit is expected to remain at near 2 percent of gross domestic product due to firm commodity prices and robust exports, the fund said.

The IMF report projected Indonesia’s 2018 gross domestic product growth rate at 5.3 percent, compared with 5.1 percent in 2017.

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