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Access your account or create a new one for additional features or to post job or training opportunities. “We welcome the robust response of the Government of Indonesia to mitigate the impacts of this unprecedented crisis. RW COVID-19 page: Find latest updates on global humanitarian responses. Jakarta (ANTARA) - Indonesia's economic recovery began in the 2020 third quarter (Q3) owing to government spending on the National Economic Recovery (PEN) Program, including for health, social assistance, and MSME support, Finance Minister Sri Mulyani Indrawati stated. Recovery will be gradual, and real GDP growth is projected to reach 4.8 percent in 2021, only bouncing back to 6.0 percent in 2022, according to the World Bank’s July 2020 Indonesia Economic Prospects report, released today. Find latest updates on global humanitarian responses. Indonesia. Finance Minister Sri Mulyani Indrawati. ACT Alliance members in Indonesia: Preparing the communities to respond better to disasters, Rebuilding lives two years after the devastating earthquake struck Sulawesi, Two years after tsunami, communities tackle COVID-19 crisis, ADB, KfW Partner to Boost COVID-19 Response and Financial Inclusion in Indonesia. At the state budget press conference on Tuesday (Sept 22), the minister projected that Indonesia's economy in Q3 of 2020 will post a contraction in the range of one to 2.8 percent. Indonesia’s economic growth is projected to fall to zero percent in 2020, as weary consumers and mobility restrictions imposed to curb the spread of … Indonesia, the largest economy in Southeast Asia, has seen a slowdown in growth since 2012, mostly due to the end of the commodities export boom. Economic indicators for Indonesia Indonesia's GDP is expected to contract by 1.0% in 2020 and grow by 5.3% in 2021 – ADO 2020 Update Indonesia 's inflation rates forecasted at 2.0% in 2020 and 2.8% in 2021 – ADO 2020 Update If fully disbursed and well-targeted, the stimulus package could go a long way to mitigate the impact of the pandemic on poverty, according to the report. This July 2020 edition of the Indonesia Economic Prospects report also outlines strategies to help the country build back better from the crisis, including by building on the expansion of the pandemic-driven expansion of social protection coverage and closing newly identified gaps in the system, and accelerating the delivery of universal health care for all. Open training opportunities in the humanitarian field. Economic Reforms and Investments in Health, Social Protection and Infrastructure will Support Indonesia Sustainable Recovery. Absent improvements in regulation and licensing, the breakneck growth in Indonesia’s digital economy will soon reach its limits. ADB encourages websites and blogs to link to its web pages. It assists its members and partners by providing loans, technical assistance, grants, and equity investments to promote social and economic development. Without a significant expansion of social assistance, as many as 5.5 million Indonesians could have been pushed into poverty because of the Covid-19 shock. During the global financial crisis, Indonesia outperformed its regional neighbors and joined China and India as the only G20 members posting growth. Statistics Indonesia (BPS) released its Q1-2020 gross domestic product (GDP) data for Indonesia on Tuesday (5 May 2020). To respond to the crisis, the Indonesian Government has announced a fiscal package amounting to 4.3 percent of GDP. Recovery will be gradual, and real GDP growth is projected to reach 4.8 percent in 2021, only bouncing back to 6.0 percent in 2022, according to the World Bank’s July 2020 Indonesia Economic Prospects report. “We are also encouraged that the Government is keen to turn this crisis into an opportunity by advancing important reforms to boost competitiveness, which will lay a strong foundation for a more robust recovery.”. Lestari Boediono +firstname.lastname@example.org. Curated pages dedicated to humanitarian themes and specific humanitarian crises. “To effectively curb the impact of the pandemic, the government’s decision to shift spending priorities and increase the budget deficit was absolutely necessary,” said Frederico Gil Sander, World Bank Lead Economist for Indonesia. List of organizations that are actively providing ReliefWeb with content. The impact on livelihoods has also been severe, with most Indonesians experiencing income losses. ADB's operations in Indonesia cover financing and knowledge partnerships in priority areas such as developing quality infrastructure, boosting human resources, and improving economic governance. The country's economic growth is projected to remain in the negative territory in Q3 of 2020 though better than the contraction of 5.32 percent in the second quarter. The Asian Development Outlook analyzes economic and development issues in developing countries in Asia. List of alerts, ongoing and past disasters covered by ReliefWeb. OCHA coordinates the global emergency response to save lives and protect people in humanitarian crises. 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The package includes funds to improve the preparedness of the health sector and a substantial increase in social assistance. Jakarta ReliefWeb Labs projects explore new and emerging opportunities to improve information delivery to humanitarians. The Indonesia Economic Prospects report is supported by the Australian Department of Foreign Affairs and Trade. The latest available economic data for Indonesia compared to countries in Southeast Asia. Learn more about ReliefWeb, leading online source for reliable and timely humanitarian information on global crises and disasters since 1996. Updated yearly, the Fact Sheets summarize ADB's partnerships with member economies, providing key facts and figures and an overview of activities and future directions. Find help on how to use the site, read terms and conditions, view the FAQs and API documentation. Indonesia’s economic growth is projected to fall to zero percent in 2020, as weary consumers and mobility restrictions imposed to curb the spread of the virus have led to a freeze in tourism, low commodity prices, and empty shops and restaurants. The Basic Statistics brochure presents data on selected social, economic, and SDG indicators such as population, poverty, annual growth rate of gross domestic product, inflation, and government finance for economies in Asia and the Pacific. By James Guild for The Diplomat October 16, 2020 According to the agency, the Indonesian economy expanded by 2.97 percent year-on-year (y/y) in the first quarter of 2020. Open job opportunities in the humanitarian field. About ADB, how we’re organized, transparency, Projects, publications, products and services, operational priorities, and development knowledge, Countries with operations and subregional programs, country planning documents, Careers, business opportunities, and investor relations, Climate Change and Disaster Risk Management, Brunei, Indonesia, Malaysia, Philippines East ASEAN Growth Area (BIMP-EAGA), Central Asia Regional Economic Cooperation (CAREC) Program, Indonesia, Malaysia, Thailand Growth Triangle (IMT-GT), South Asia Subregional Economic Cooperation (SASEC), Civil Society/Non-government Organizations. “Going forward, higher spending on health, social protection and infrastructure will still be needed, which makes tax reforms to raise fiscal revenues of paramount importance to flatten the debt curve and maintain Indonesia’s strong macroeconomic framework.”. ANTARA/Dewa Wiguna, Reporter: Dewa KSW, FardahEditor: Suharto COPYRIGHT © ANTARA 2020. The Asian Development Bank (ADB) is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty.
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