1、AMRO Country Report ACR/25-05 ASEAN+3 Macroeconomic Research Office(AMRO)June 2025 AMRO Annual Consultation Report Indonesia-2025 ANNUAL CONSULTATION REPORT INDONESIA 2025 ASEAN+3 Macroeconomic Research Office(AMRO)Page 1 of 65 Acknowledgements 1.This Annual Consultation Report on Indonesia has been

2、 prepared in accordance with the functions of AMRO to monitor and assess the macroeconomic status and financial soundness of its members;identify relevant risks and vulnerabilities;report these to member authorities;and if requested,assist them in mitigating these risks through the timely formulatio

3、n of policy recommendations.This is being done in accordance with Article 3(a)and(b)of the AMRO Agreement.2.This Report is drafted on the basis of the Annual Consultation Visit(ACV)of AMRO to Indonesia,which was conducted in Jakarta,Indonesia,from February 3-14,2025(Article 5(b)of the AMRO Agreement

4、).The AMRO ACV team was headed by Dr Sumio Ishikawa,Group Head and Lead Economist.The ACV members were Dr Thi Kim Cuc Nguyen,Country Economist for Indonesia;Mr Akifumi Fujii,Economist;Ms Wanwisa(May)Vorranikulkij,Senior Economist;Mr Ginanjar Wibowo,Economist;Dr Vu Thanh Trung,Associate Economist;Mr

5、Thai Yangsingkham,Associate;and Mr Kittiya Manivong,Associate.Former AMRO Director Dr Kouqing Li and former Chief Economist Dr Hoe Ee Khor participated in key policy meetings with the authorities.The AMRO Annual Consultation Report on Indonesia for 2025 was peer-reviewed by a group of economists fro

6、m AMROs Country Surveillance,Financial Surveillance and Fiscal Surveillance teams;endorsed by the Policy and Review Group;and approved by Chief Economist Dr Dong He.3.The analysis in this Report is based on data and information available up to April 14,2025.4.By making any designation of or referenc