Now, we should say that after the tragedy in Aceh, Indonesia should, and it will, regain its new spirit, a new resolution, to develop and to create a better life for the people. On this occasion, let me share the recent progress on the Indonesian economy, its challenges and opportunities towards a sound banking system.
I will first touch the issue on the macroeconomic and financial developments in 2004, and discuss their outlook for 2005. In the rest of this speech I will also emphasis on the banking sector problems and challenges, as well as future policy directions.