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Asia-PacificMarch 1 2012

Indonesia's finance minister strives to keep growth story going

Indonesia was one of only a handful of major economies to carry on growing throughout the financial crisis and is now looking at reaching 7.5% growth by 2014. What is behind this impressive performance? Brian Caplen interviews Indonesia’s finance minister, Agus Martowardojo, to understand the country’s economic polices as well as its new system for bank regulation. Mr Martowardojo is The Banker’s Finance Minister of the Year 2012, global and Asia-Pacific.
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Indonesia's finance minister strives to keep growth story going

Q: How is Indonesia’s economy progressing?

A: For the past 10 years we have had a really good economy, the budget deficit has never exceeded 3% and the total debt-to-rgoss domestic product (GDP) ratio has come down from  80% in 2001 to 25% in 2011. In Indonesia we have often suffered with relatively high inflation but last year it came down to 3.7%.

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