THE GOVERNMENT is discussing and preparing policies to anticipate the impact of the escalating conflict in the Middle East. It is considered necessary so that the Indonesian economy is not significantly affected by the world situation which is increasingly in uncertainty.
This was conveyed by Coordinating Minister for Economic Affairs Airlangga Hartato in a limited meeting with all elements of the Deputy at the Coordinating Ministry for Economic Affairs along with a number of Ambassadors on Monday (15/4).
“Certainly the government will not remain silent, we will prepare a number of strategic policies to ensure that the national economy is not further affected. We must maintain market confidence in the ability of the national economy to respond to the impact of conflict escalation,” he said as quoted from a press release.
A number of policy responses were discussed in the meeting, including the response to the impact of conflicts at the regional and global levels, the performance of the banking sector and capital markets, inflation control, as well as plans to coordinate the fiscal and monetary policy mix with relevant authorities for exchange rate control strategies and budget deficit management going forward.
“Certainly the government will not remain silent, we will prepare a number of strategic policies to ensure that the national economy is not further affected. We must maintain market confidence in the ability of the national economy to respond to the impact of conflict escalation,” he said as quoted from a press release.
The meeting discussed a number of policy responses, including those related to the response to the impact of conflicts at the regional and global levels, the performance of the banking sector and capital markets, inflationcontrol, as well as plans to coordinate the fiscal and monetary policy mix with relevant authorities for exchange rate control strategies and budget deficit management going forward.
“We expect market players to remain calm and not take speculative steps. The government will continue to pay close attention to global and regional developments and will take strong and focused steps in maintaining financial system stability. We hope that measured policy responses from the government will be able to mitigate the impact of the escalation of the current global conflict,” Airlangga said.
