2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Indonesia


2019 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Indonesia

Fund Relations

(As of April 30, 2019)

Membership Status: Joined February 21, 1967; Article VIII

General Resources Account

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SDR Department

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Outstanding Purchases and Loans: None

Financial Arrangements

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Projected Payments to Fund (SDR millions; based on existing use of resources and present holdings of SDRs):

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Exchange Arrangements

The rupiah has had a de jure free floating exchange arrangement since August 14, 1997, and the current de facto arrangement is floating. The market exchange rate was Rp 14,187 per U.S. dollar as of April 30, 2019. Indonesia has accepted the obligations of Article VIII, Sections 2, 3, and 4, and maintains an exchange system free of restrictions on payments and transfers for current international transactions.

Article IV Consultation

The last Article IV consultation report (IMF Country Report No. 18/32) was discussed by the Executive Board on January 10, 2018.

Resident Representative

Mr. John Nelmes has been the Senior Resident Representative since September 2016.

Relations with Other International Financial Institutions

Statistical Issues

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Indonesia: Table of Common Indicators Required for Surveillance

(As of May 10, 2019)

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Daily (D); Weekly (W); Monthly (M); Quarterly (Q); Annually (A); NA: Not Available.

Reflects the assessment provided in the data ROSC published on July 20, 2005 (based on the findings of the mission that took place during March 28-April 11, 2005), for the dataset corresponding to the variable in each row. The assessment indicates whether international standards concerning concepts and definitions, scope, classification/sectorization, and basis for recording are fully observed (O); largely observed (LO); largely not observed (LNO); not observed (NO); and not available (NA).

Including currency and maturity composition, except referring to international standards concerning source data, assessment of source data, statistical techniques, assessment and validation of intermediate data and statistical outputs, and revision studies.

Any reserve assets that are pledged or otherwise encumbered should be specified separately. Also, data should comprise short-term liabilities linked to a foreign currency but settled by other means as well as the notional values of financial derivatives to pay and to receive foreign currency, including those linked to a foreign currency but settled by other means.

Both market based and officially determined, including discount rates, money market rates, rates on treasury bills, notes and bonds.

Foreign, domestic bank, and domestic nonbank financing.

Including currency and maturity composition.

Includes external gross financial assets and liability positions vis-à-vis nonresidents.