Financial Health of Indonesia’s Economy
The prolonged global financial crisis and the fall of Indonesia`s composite index early this week have prompted government officials to formulate anticipatory steps, yet they were convinced Indonesia`s economy would not seriously be affected. Indonesia was considered to be able to manage its external debts and had relatively strong economic fundamentals, a main asset seen [...]
International Monetary Fund in Preventing a Global Financial Crisis
Finance ministers from the 10 member states of the Association of Southeast Asian Nations and their three dialogue partners–Japan, China and South Korea–agreed Wednesday to bolster cooperation with the International Monetary Fund in preventing a global financial crisis. Japanese Finance Minister Yoshihiko Noda and his Asian counterparts instructed their deputies to “initiate a study on [...]