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ADB President Affirms Support for Indonesia’s Development Targets

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Fri, 10 Feb. 2017
  • SOURCE

    The Financial

Asian Development Bank (ADB) President Takehiko Nakao on February 1 met with the President of Indonesia, Joko Widodo, and expressed his confidence in the country’s economic prospects. He reiterated support for the government’s efforts to foster inclusive economic growth.

Mr. Nakao’s 2-day visit to Indonesia includes meetings with the Minister of Finance, Sri Mulyani Indrawati, and the Minister of National Development Planning, Bambang P.S. Brodjonegoro.

During discussions with President Widodo, Mr. Nakao congratulated the government on its prudent economic management in the face of global financial uncertainty. With a gradual improvement in private investment and continued robust consumption, ADB forecasts that Indonesia’s economic growth in 2017 will rise to 5.1%, from 5.0% last year. Inflation, which moderated to 3.5% last year, is expected to edge up to about 4% this year, according to ADB.

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