April 28, 2025 | 05:55 pm
TEMPO.CO, Jakarta - Tempo English compiled the top 3 news on Monday, April 28, 2025. Here are the highlights: Growth Projection Cuts by IMF, World Bank Signal Economic Challenges for Indonesia; 5 Major Deals in Indonesia-US Negotiations Over Trump Tariffs; and Bank Indonesia: IMF Needs to Take Firm Stance in Facing Global Economic Challenges.
The following is the list of the top 3 news on Tempo English today:
1. Growth Projection Cuts by IMF, World Bank Signal Economic Challenges for Indonesia
In its latest projections, the International Monetary Fund (IMF) forecasts Indonesia's economic growth at 4.7 percent in 2025, lower than its January projection of 5.1 percent. A similar outlook was presented by the World Bank in its Indonesia Macro Poverty Outlook report.
Achmad Nur Hidayat, an economist from the National Development University Veteran Jakarta, said the government must respond seriously to the revised forecasts issued by the IMF and the World Bank.
"We have to treat IMF's revision as a serious alarm that our economic policies need to be reconstructed on a new foundation," Achmad stated in a written statement received by Tempo on Sunday, April 27.
2. 5 Major Deals in Indonesia-US Negotiations Over Trump Tariffs
The Indonesian government and the United States are formulating five main agreements in response to President Donald Trump's reciprocal tariff policy, potentially putting pressure on national exports. This step is taken to dampen the impact of high import duties set by the U.S., reaching 32 percent, on several Indonesian products.
In a virtual press conference of the Financial System Stability Committee (KSSK) on Thursday, April 24, 2025, Finance Minister Sri Mulyani Indrawati revealed that both countries are actively communicating and negotiating to reach a mutually beneficial point.
3. Bank Indonesia: IMF Needs to Take Firm Stance in Facing Global Economic Challenges
Governor Bank Indonesia Perry Warjiyo underlines the importance of the International Monetary Fund (IMF) in facing global challenges arising from trade policy changes. This statement was made by Perry during the IMF and World Bank Spring Meeting held in Washington DC, United States.
Perry believes that IMF needs to firmly advocate the importance of open international trade policies to stimulate growth. "IMF plays a strategic role in delivering a firm stance, especially in responding to common challenges that could threaten macroeconomic stability and the global financial system," Perry said in a statement from Bank Indonesia, quoted on Sunday, April 27, 2025.
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9 jam lalu
In its latest projections, the International Monetary Fund (IMF) forecasts Indonesia's economic growth at 4.7 percent in 2025, lower than in January.
Bank Indonesia: IMF Needs to Take Firm Stance in Facing Global Economic Challenges
11 jam lalu
Governor of Bank Indonesia highlights the need for IMF to play an active role in addressing global challenges due to trade policy changes.
Progress in Indonesia-U.S. Tariff Negotiations
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Indonesia has signed a non-disclosure agreement (NDA) with the Office of the United States Trade Representative (USTR).
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Apindo Sees Great Promise for Exports in ASEAN
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The Indonesian Employers' Association (Apindo) agrees to Indonesia intensifying trade within ASEAN in anticipation of US import tariff policies.
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Thailand Invites Singapore to Join "Six Countries, One Destination" Tourism Initiative
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The "Six Countries, One Destination" initiative promotes cross-border travel and tourism across six ASEAN nations.
Indonesia Targets Export Growth in BRICS and CPTPP Markets
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Indonesia opens opportunities for export to BRICS and CPTPP member countries.
