Indonesia has a well-developed and well-regulated banking sector and has made major advances over the past five years in establishing a sound legal and administrative framework for the modernization of public financial management in line with good international practice. On the last April 2nd, 2010, OECD upgrades Country Risk Classification (CRC) ranks of Indonesia from the previous level of 5 to 4.
Indonesia was the only country of the 161 countries, given the CRC upgrade in the latest OECD committee meeting session on April 2010. The main factor supporting the upgrades is Indonesian impressive macroeconomic indicators as the economy is one of the most resilient amid the global financial crises and Indonesia is one of the few countries that experienced positive economic growth in 2009.