In this series of seminars, Andrea Goldstein (Organisation for Economic Co-operation and Development/OECD) and Charles Dennery (OECD) will present the most recent OECD report on Indonesia. This is the 7th report on the economy of Indonesia published by OECD since 2007, and the first since accession process for Indonesia was launched in 2024. The presentations will be hosted by Universitas Gadjah Mada in Yogyakarta (4 March), Universitas Brawijaya in Malang (5 March), and Universitas Udayana in Denpasar (5 March).

Excerpt from the report:

Indonesia’s economy has rebounded from the COVID-19 recession and inflation has declined considerably, but exposure to global uncertainty remains high. Monetary policy must remain prudent, forward looking and data-dependent. Fiscal policy needs to ensure the budget deficit remains below the mandated ceiling. Government spending and revenue are low in international comparison and future spending pressures require an increase in tax revenues over the medium term. Indonesia has scope to boost productivity and long-term growth prospects though encouraging women’s employment alongside continued improvement to educational attainment, and improvement to the business environment. Greater efforts in combatting corruption would help foster a more competitive and productive business sector. Indonesia has further scope to harness digitalisation. Geographic, gender and age-related gaps in individuals’ access to, and adoption of, the Internet and related tools need to be closed. Indonesia is vulnerable to the impacts of global warming. The country’s goal of reaching net-zero greenhouse gas emissions by 2060 is challenging in the context of economic convergence and the country’s reliance on coal. The report also includes special sections on socio-economic convergence, digitalisation, and green transition.

Download the full report from the OECD website (a Bahasa Indonesia version is also available).