|
PRESIDENT CALLS FOR CLOSE MONITORING OF FOREIGN CAPITAL INFLOW
Jakarta -
President Susilo Bambang Yudhoyono has asked his economic ministers
to closely monitor the flow of foreign capital into Indonesia and
properly manage the funds for the improvement of the country's
economic conditions.
"The
President has asked all (economic ministers) to closely follow it
(foreign funds inflow) and manage it properly so that it can help
improve the economy, especially in the real sector,” presidential
spokesman Andi Malarangeng said in Jakarta on Monday (14/05).
The Head
of State also asked the governor of Bank Indonesia (central bank) to
closely monitor the foreign capital inflow and at the same time,
strengthen the economic fundamentals which were currently much
stronger than these during the 1997 economic crisis, he said.
Andi
Malarangeng said the current national economic fundamentals were
very different from those in 1997 although capital inflow conditions
were similar to those when the crisis occurred in 1997 as hinted by
Coordinating Minister for Economic Affairs Boediono, Finance
Minister Sri Mulyani Indrawati and Bank Indonesia Governor
Burhanuddin Abdullah in their recent statements.
"The
fundamentals of our economy are stronger viewed from some indicators
such as foreign exchange reserves, export value, rupiah currency
rate, the ratio of our foreign debts toward foreign exchange
reserves, and economic growth which is good, too. We have also
learned a lot from our past experiences, especially those during the
crisis," the presidential spokesman said.
The Head
of State, according to Malarangeng, was also convinced that there
was nothing to be worried about in relation to the current economic
situation as it would not lead to an economic crisis because
national economic conditions and management were much better and
stronger than in the past.
Recently
Finance Minister Sri Mulyani Indrawati said that the world economy
was now in a situation similar to that prevailing before the crisis
10 years ago so there was need for readiness to face a sudden global
economic upheaval (Antara, 14/05/07).
--- |
