REPUBLIKA.CO.ID, NEW YORK - Indonesia still has a big room to grow when other countries are in crisis. With the right policy, Indonesia could reach significant economic growth, the Governor of Bank Indonesia (BI) Darmin Nasution said, as reported by Elba Damhuri from Republika.

Darmin said Indonesian banking had been run efficiently. He believes that the economic progress can grow better if Indonesia can overcome the high number of interest rate and the low number of debt-to-GDP ratio.

Darmin said on Indonesia Investment Day in New York Stock Exchange (NYSE) that Indonesia debt-to-GDP ratio was only 31 percent while other countries were above 100 percent. The profit of Indonesia banking, with return on asset (ROA) on 3.1 percent, is higher than any country.

Opened by President Susilo Bambang Yudhoyono, Indonesia Investment Day was attended by 130 foreign investors, 15 state-owned enterprises, and three national private companies. The event was initiated by Indonesian Ambassador to US Dino Patti Djalal and BI's representative office in New York. CEO NYSE Euronext Duncan Niederauer who took the podium after Dino praised Indonesian economy.

The Chairman of Roubini Global Economics, Nouriel Roubini, said Indonesian economy was on the right track and even better than any other country including BRIC (Brazil, Russia, India, and China). He said that Indonesia deserved more than Russia to be a member of BRIC.

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