The central bank is preparing a number of measures to anticipate a global economic slowdown triggered by the recent US and European debt crises, as Indonesia gears up to feel the impact next year.
Among the measures are the formation of the Financial System Security Network, the formulation of a crisis management protocol and the strengthening of the ASEAN+3 cooperation, Bank Indonesia (BI) leading researcher Suhaedi said on Tuesday in Jakarta.
He added other measures included the implementation of good corporate governance and a new policy aimed at encouraging the banking sector's intermediary roles.
“The BI has observed that our financial system stability is still well-maintained. Nevertheless, we need to raise our alertness in anticipation of the crisis,” Suhaedi said during a discussion organized by the Center for Strategic and International Studies (CSIS).
“The downgrading of the US' [credit] rating has heavily influenced recent global economic development; the prospects for the global economy are still questionable,” he added, as quoted by antara.
Suhaedi said Indonesia would especially feel the impact of the slowing global economy starting from next year.
He added that global economic growth was predicted to slow down to 4.2 percent in 2011, from an earlier prediction of 4.3 percent; and to 4 percent in 2012, from an earlier prediction of 4.5 percent.
Source: www.thejakartapost.com
Among the measures are the formation of the Financial System Security Network, the formulation of a crisis management protocol and the strengthening of the ASEAN+3 cooperation, Bank Indonesia (BI) leading researcher Suhaedi said on Tuesday in Jakarta.
He added other measures included the implementation of good corporate governance and a new policy aimed at encouraging the banking sector's intermediary roles.
“The BI has observed that our financial system stability is still well-maintained. Nevertheless, we need to raise our alertness in anticipation of the crisis,” Suhaedi said during a discussion organized by the Center for Strategic and International Studies (CSIS).
“The downgrading of the US' [credit] rating has heavily influenced recent global economic development; the prospects for the global economy are still questionable,” he added, as quoted by antara.
Suhaedi said Indonesia would especially feel the impact of the slowing global economy starting from next year.
He added that global economic growth was predicted to slow down to 4.2 percent in 2011, from an earlier prediction of 4.3 percent; and to 4 percent in 2012, from an earlier prediction of 4.5 percent.
Source: www.thejakartapost.com
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