Looking back at Bank Indonesia’s tumultuous journey over the past five years, I feel confident to announce that efforts to meet the various aspirations set forth in the mandate have yielded significant results, which have maintained the momentum of sustainable national economic development and improved its future prospects.
Measuring progress so far The conclusion of the programme negotiations and the successful recapitalisation of the banking system led to a stabilisation of economic conditions. Real GDP in 2015 turned out to be only slightly negative, but more than one percentage point better than expected after the imposition of capital controls.