"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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Translator: Bayu Prasetyo, Suharto
Editor: Azizah Fitriyanti
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