REPUBLIKA.CO.ID, JAKARTA -- World Bank keep estimated the Indonesia's economic growth in level of 5.3 percent this year. Uncertainty of investment growth becomes the reason why the international institution does not revise its projection.
World Bank Country Director in Jakarta, Rodrigo Chavez said that Indonesia's economic growth projection in 2014 was lower than previous year caused uncertain investment growth, lower export price and the difficulty in the availability of funds.
"Policy reform is a key to drive the economic growth," Chavez said on Tuesday as reported by Satya Festiani
World Bank projection figure is more pessimistic than government and Bank Indonesia (BI). Government predicted that Indonesia could still grow 5.8 to 5.9 percent, while BI recently revised its projection from 5.8-6.2 percent to 5.5-5.9 percent.
Indonesia recorded 5.7 percent economic growth last year. Chavez said that future oriented policy would strengthen Indonesia's economic success. Policy adjustment, which is including diversion of fuel subsidy, is needed to fix national infrastructure, investment climate and public service improvement.
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