Jakarta, 18/01/2017 MoF - Current global economic developments have affected financial sector in developing countries, including Indonesia. To overcome this issue, Indonesia has created series of policies to address risks in the financial sector, such as prudent monetary policy and deregulation policy.
According to the Senior Deputy Governor of Bank Indonesia Mirza Adityaswara, while on Asian financial crisis in 1997, Indonesia had taken various policies to improve transparency and integrity in financial sector data. This was conveyed at the 10th Asian Financial Forum on January 16th - 17th, 2017, in Hong Kong, as quoted from Bank Indonesia site.
The reform has improved Indonesia economic resiliency that also reflected from the IMF rating (Article IV Consultation Annual Report), which resulted the satisfactory in 2016. In the future, with coordination and policies synergy among government, Bank Indonesia and other related organizations, risk mitigation in financial sector is expected to be managed. (nr/rsa)
Ministry of Finance of the Republic of Indonesia published this content on 18 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 19 January 2017 03:46:05 UTC.
Original documenthttp://www.kemenkeu.go.id/en/Berita/indonesia-makes-effort-manage-financial-sector-risks
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