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May 27, 2008

GDP can reach 6.9% in 2009 – central bank

Indonesia's economic growth may reach up to 6.9 percent next year on the back of improving investment climate and stable local currency, newly sworn-in Bank Indonesia Governor Boediono said Monday.

"The economy is moving into the higher level with better investment climate, infrastructure development and conducive political situation in this country," he said on the sidelines of an investment forum in Jakarta.

For 2008, the government was upbeat that the economic growth will reach between 6.0 percent and 6.2 percent, said Boediono, a former coordinating minister for economic affairs.

Overall, the economy is improving this year with stable currency and higher foreign exchange reserve, he said.

"The international reserve is increasing and may reach 59 billion U.S. dollars by the end of 2008 and grow even higher next year," he said.

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