Cyrillus Harinowo
Former Director Central Bank

Recent Country Insights

A feasible free lunch program
INDONESIA · Report · 25 Jun 2024

The Indonesian people are currently in the midst of waiting for the new government to unveil various programs that have been controversial for some time. One of the programs is the Free Lunch Program. Many Indonesians were initially skeptical about the Free Lunch Program. They thought the prog...

Encouraging growth
INDONESIA · Report · 29 May 2024

The Indonesian economy posted an encouraging result for Q1 2024 growth, at 5.11%, slightly above the 5.04% annual growth in Q4 2023. On a quarterly basis, the economy contracted by 0.83%, which followed the regular cycle. The fastest sector of growth in Q1 2024 was public administration and defen...

A definitive new president
INDONESIA · Report · 30 Apr 2024

Indonesia’s Constitutional Court made a ruling on April 22, 2024, rejecting the challenges from the losing presidential candidates for a re-run of the presidential election. With that ruling, the Election Committee made its final decision on the presidential election result, with Prabowo Subianto...

A sense of stability post election
INDONESIA · Report · 28 Mar 2024

The Indonesian Election Committee announced on March 20, 2024, that the President and Vice President-elect from the 2024 General Election were Prabowo Subianto and Gibran Rakabuming Raka. After this announcement, there is a process in the Constitutional Court that will decide whether the presiden...

Growing at a comfortable rate
INDONESIA · Report · 29 Feb 2024

The Indonesian economy posted another encouraging growth result, with Q4 2023 GDP at 5.04%, above the 4.94% annual growth for Q3 2023. Compared to the previous quarter, the Indonesian economy expanded by 0.45%, following the regular cycle. With the rate of growth for Q4 slightly higher than 5%, o...

After the election: Greater prospects for continuity
INDONESIA · Report · 20 Feb 2024

Indonesia's general election took place on February 14, 2024. This election was accomplished peacefully throughout the country. I can say from first-hand experience that the general election even in remote areas was conducted peacefully. As can be learned from the media, the Quick Count resul...

Stability into the election
INDONESIA · Report · 30 Jan 2024

Indonesia's general election is already around the corner—it will be held on February 14, 2024. The incumbent, President Joko Widodo, is ineligible to run for a third time, based on the Indonesian Constitution. The presidential candidates for the current election are former Governor of Metropolit...

An improving trade balance with China
INDONESIA · Report · 28 Dec 2023

For many years, China ranked first in trade with Indonesia compared to Indonesia's trade with the rest of the world. Therefore, anything that happened in China might affect Indonesia. That is why it is interesting to watch the trade balance between Indonesia and China at a time when there has bee...

Growth remains solid
INDONESIA · Report · 27 Nov 2023

Indonesia's economy posted an encouraging result for Q3 2023, registering growth of 4.94%, only slightly lower than the 5.17% annual growth for Q2 2023. Compared to the previous quarter, the Indonesian economy expanded by 1.60%, which followed the regular cycle. While the growth rate for the Q3 w...

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