Jakarta (ANTARA News) - Indonesia`s foreign exchange reserve reached US$115.8 billion on May 6, large enough to deal with speculations and risks of capital outflows, Darmin Nasution said.

"So, overall the foundation of our economy is strong and sound," the governor of Bank Indonesia, the central bank, said when opening a banking exhibition here on Wednesday.

He said although there were delays in infrastructure sectors economic growth in the past few days showed improvement compared to that of 2008 during crisis.

The economic growth as of 2010 has been more balanced with its resources following increasing exports and investments.

"From 2010 to 2011 it was clear the growth is running above 6.5 percent and it is not only in terms of consumption but also investment and exports. Those are the main pillars of economic growth. If they are balanced the economy is healthier," Darmin said.

He said however that the economic structure still needs to be improved especially by boosting production of capital goods, which unless it is done, it will make imports to grow fastern than exports.

He said if imports are higher surplus in the balance of payment and transactions would decline. (*)


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Editor: Jafar M Sidik
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