Muliaman Hadad, Chairman Financial Services Authority
Indonesia's economic growth can exceed target

The chairman of the Financial Services Authority (OJK), Muliaman Hadad, 56, is optimistic about the coming year. He believes Indonesia will greet the coming year with growth exceeding the 5.2 percent target set by the government. "We can do it if we harness domestic potential optimally and continue with our reforms and transformation programs to enable investment," said Muliaman.

His views do not reflect those of global economic leaders who met at the annual conference of the World Bank and International Monetary Fund (IMF) in Washington, DC recently, at which Muliaman himself attended. Participants at the meeting proclaimed that the world economy was growing exceedingly slow, taking far too long to recover and benefitted only a handful of people. They concluded that the weakening of the global economy which began in 2014, had yet to recover in the coming year.

October 25, 2016