Republic of Indonesia Financial Sector Assessment Program : Monetary Policy
This assessment covers the transparency of monetary policy in the Republic of Indonesia, and in particular, BI's role in the formulation and implementation of this policy. It forms part of the Financial Sector Assessment Program (FSAP) for Ind...
| Main Authors: | , |
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| Format: | Report |
| Language: | English en_US |
| Published: |
Washington, DC
2017
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/670761468269428033/Indonesia-Detailed-assessment-of-observance-of-IMF-code-of-good-practices-on-transparency-in-monetary-and-financial-policies-monetary-policy http://hdl.handle.net/10986/27741 |
| Summary: | This assessment covers the transparency
of monetary policy in the Republic of Indonesia, and in
particular, BI's role in the formulation and
implementation of this policy. It forms part of the
Financial Sector Assessment Program (FSAP) for Indonesia,
which was conducted jointly by the IMF and the World Bank
during 2009-2010. The assessment was primarily undertaken
during the first FSAP mission in October 2009 with
subsequent refinements through written communications with
the authorities. The assessment was conducted according to
the IMF's code of good practices on transparency in
monetary and financial policies, as issued in September
1999, and supporting documents as approved in July 2000. The
assessment is primarily based on information available as of
October 2009, in particular on the relevant laws and
regulations then in force. After receiving a draft version
of this assessment, Bank Indonesia (BI) took a number of
steps to enhance transparency, and the ratings in some
practices have been marked up accordingly. The review also
incorporates a wide range of other materials published by
the Indonesian authorities, including those on their website
and draws extensively on a self-assessment and a response to
a questionnaire. In addition, the assessment was informed by
discussions held during the FSAP mission with the
authorities at a senior level and with various departments
and divisions of BI, as well as with representatives of the
private financial sector. |
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