Indonesia adopts measure to boost investment to pursue higher growth (3)

Demand on the country's assets is likely already recovered as Indonesia plays down the impact of the crisis in Europe due to its strong economic fundamentals.

The Finance Ministry has raised 6.35 trillion rupiah (over 687 million U.S. dollars) funds in bonds auction on June 8 , beating target of 5 trillion rupiah (some 540 million U.S. dollars).

Over 40 trillion rupiah (Some 4.32 billion U.S. dollars) funds exited from Indonesia in May as investors preferred to secure their assets on safe assets, trimming the country's state reserve to over 74.6 billion U.S. dollars from 78.6 billion U.S. dollars at the end of April, Deputy Governor of central bank Darmin Nasution said recently.

Indonesia's economy accelerated at 5.7 percent at the first quarter and is seen to grow at 6 percent at the entire of this year and 6.4 percent next year.

Indonesia is potential to jump to investment grade within one or two years, according former finance minister Sri Mulyani. Fitch investor rating has said that Indonesia may boost its grade by improving its monetary and fiscal policies.Source:Xinhua
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