ASEAN KEY DESTINATIONS
Indo bank, IMF discuss capital inflows
Indonesia's central bank and the International Monetary Fund (IMF) are set to meet in Bali on Friday to discuss foreign fund flows and macroeconomic policies.
The meeting will be divided into three main sessions, Bank Indonesia spokesman Difi Ahmad Johansyah said in Jakarta on Thursday.
"In the [first] session, we will review the experiences of emerging markets, especially in facing heavy capital inflows," Difi said, as quoted by tempointeraktif.com.
"In the next session we will discuss options for more effective capital inflow management policies ... The [third] session will be on the challenge to channel foreign fund flows into instruments that have longer terms, so hopefully this can boost growth and maintain balance," he said.
Difi said the meeting would be attended by, among others, IMF Asia Pacific director Anoop Singh, Bank Indonesia deputy governor for international monetary affairs Budi Mulya, and Indonesian economist Chatib Basri.
Thailand's central bank governor assistant Paiboon Kittisrikangwan, Barclays Capital's emerging Asia research chief Peter Redward and Indonesian Coordinating Investment Board chief Gita Wirjawan will also be in attendance.
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