In his state-of-the-nation address at the House of Representatives (DPR) and Regional Representatives Council (DPD) plenary session here on Tuesday, the head of state asserted that actually Indonesia was not at the brink of failure and bankruptcy.
According to the president, Indonesia at present has an opportunity to be a country with ten largest economic countries in the the world for the next three decades.
"All accomplishments that we have achieved in the past few years indicated that the way to a better future is before our eyesight," the president said.
According to him, Indonesia was also a country with the biggest economic scale in Southeast Asia.
"Many parties at present say Indonesia is a country with an emerging economy, not a third world economy which for more than 60 years was associated with our country," the president said.
The head of state also pointed out that the 1998-1999 period was the most critical moment in the history of Indonesia because the economic growth at the time showed a negative trend, while almost all of financial institutions and banking lost the confidence of both domestic and overseas market players.
"We also faced ethnic and racial violence in several parts of the country but it did not lead to territorial disintegration," President Yudhoyono said.
(Uu.O001/H-NG/F001)
Editor: Priyambodo RH
Copyright © ANTARA 2011
