IMF chief praises Indonesia over economic reforms

Tuesday, July 10, 2012
Christine Lagarde
Jakarta: International Monetary Fund’s (IMF) Managing Director Christine Lagarde on Tuesday praised Indonesia over economic reforms that have led to “strong growth”.

In a statement released at the conclusion of her three days visit to the country, Lagarde said, “I congratulated President Yudhoyono and his colleagues on the reforms and achievements of the last decade that have led to strong growth and increased the economy’s resilience, including Indonesia among the countries least affected by the 2008 global financial crisis.”

While holding talks with authorities, Lagarde discussed the current global economic situation and Asia’s critical role in the world economy.

She emphasized the Fund’s continued engagement in Asia, including in cooperation with ASEAN and the Chiang Mai process.

Both IMF and the government have agreed that to enhance the global effectiveness of the Fund, “dynamic emerging market countries like Indonesia” need to have a greater say.

IMF chief has also welcomed Indonesia’s support for the Fund’s quota and representation reforms.
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