Arrijal Rachman, writing for Tempo is reporting that Luhut Binsar Panjaitan, Coordinating Minister for Maritime Affairs and Investment Affairs said Indonesia will not be like the 28-nations currently lining out to get help from the International Monetary Fund or IMF. The 28-country line-up issue was mentioned by President Joko Widodo during the 2022 Investor Daily Summit at the Jakarta Convention Center (JCC), Tuesday, October 11.
“Earlier today the president said that 28-countries are now queuing to enter the IMF. We are far from that,” Luhut said after accompanying Jokowi at the JCC, Tuesday.
Luhut said this was because Indonesia was still able to maintain its economic resilience after being hit by the Covid-19 pandemic. Thus, he said, when faced with numerous global economic problems such as high inflation, the energy and food crisis, and the threat of a 2023 recession, the Indonesian economy is still strong, report Tempo.
“Also by paying attention to MSMEs, that’s where the key is. If we are all in this together just like we did when handling Covid as the president said earlier, surely we can also get out of this,” Luhut said.
President Jokowi said that 28 countries are lining up at the IMF headquarters to overcome their respective economic problems. This, the president said, is the impact of inflation and the threat of a global recession that has hit the world due to the Covid-19 pandemic and the Russia-Ukraine war.
Jokowi said Indonesia needs to be careful about similar threats. The president said the government is trying its best to curb inflation by distributing direct subsidies to the public and asking ministries and institutions to spend on domestic products.