Jokowi receives WB representative for discussion on global economy

Jokowi receives WB representative for discussion on global economy

Archive - President Joko Widodo (left) received Chief of the World Bank Representative for Indonesia Rodrigo A. Chavez (right) at the State Palace in Bogor, West Java, on November 21, 2017. ANTARA /Puspa Perwitasari/AF

Jakarta (ANTARA) - President Joko Widodo (Jokowi) received Chief of the World Bank Representative for Indonesia Rodrigo A. Chavez for a closed-door meeting to hold discussion centering on the global economy on Monday.

"I told (him) that the economy is weakening now. The risk of a global economic crisis is increasing. Moreover, we need to remain vigilant about several points under the current global economic atmosphere," Chavez remarked at the yard of the State Palace in Jakarta on Monday.

Chavez highlighted the need for the Indonesian government to continue to monitor the global economic situation and ready mitigation steps.

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Chavez put forth a recommendation to the Indonesian government to boost the economy by reducing the current account deficit and drawing more foreign investment.

"The method is the best way to augment capital and improve portfolio flows," he affirmed.

Moreover, the government should offer the credibility required by foreign investors.

"The rules of the game must be clear and stable and meet the aspects of compliance with the existing rules," he stated.

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