"Increase in exports and investment would strengthen the country`s current account balance and resilience," chief economist of the World Bank in Indonesia Frederico Gil Sander said in the latest three monthly report of the bank issued here on Thursday.
Gil Sander said the attempts have been made by the
government through ratification of a number of free trade agreements and relaxation of its Investment Negative List.
"The condition is useful to strengthen the competitiveness of Indonesia and to create new jobs which would result in more people in the middle class,"he said.
He said global economic uncertainty as a result of trade war should serve as an opportunity as many foreign investors began to relocate their factories to developing nations in southeast Asia.
"Momentum of investment growth is expected to continue through 2019 to follow the development of infrastructure . Indonesia, however, is still lagging behind Thailand and Vietnam, which began to remove trade hurdles," he said.
Reporting by Satyagraha, Albert Saragih
Editing by Yosep Haryadi
Reporter: Antara
Editor: Suharto
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