This year, Indonesia will celebrate 20 years of Reformation, which marked the end of the 1997/1998 Asian financial crisis.
After the end of the crisis, which had hit Indonesia severely, the economy is now in a stable condition and the inflation rate is under control. Last year, the inflation rate fell to as low as 3.6 percent in line with the central bank’s estimates.
The foreign exchange reserve reached US$132 billion, the highest in history. The Composite Stock Price Index (JCI) rose to a range of between 6,300 and 6,500. Although the number is increasing, the government’s debts remain at the safe level at 29.2 percent of gross domestic product (GDP), far below the 60 percent threshold.