Finance Minister Sri Mulyani Indrawati has said the visit of International Monetary Fund (IMF) managing director Christine Lagarde to Indonesia was not to offer loans, but to prepare for the IMF-World Bank meeting in Bali in October.
“Many netizens asked me if Lagarde’s visit was to offer loans to Indonesia. I said no,” Sri Mulyani said in Jakarta on Tuesday as quoted by kompas.com,adding that Lagarde was only visiting to monitor the progress of preparations for the IMF-World Bank Group Annual meeting.
During her stay in Jakarta, Largade also spoke at the 2018 High Level Conference Annual Meeting, met with President Joko “Jokowi” Widodo and visited a hospital and a market, accompanied by the President.
During the meeting with Lagarde, President Jokowi informed her about the country’s progress in the economic sector.
Meanwhile, Lagarde praised the strong foundation of the Indonesian economy, but she stressed the importance of fiscal reform to boost economic growth.
She also stressed the importance of responsible government spending, not only in financing infrastructure projects, but also to improve welfare and strengthen the Indonesian position in exporting more value-added products.