NETRALNEWS.COM - In October 2018 Indonesia will host the annual meetings of the International Monetary Fund and the World Bank in Nusa Dua, Bali.
This is an important occasion: These annual meetings take place outside Washington only every third year, and involve thousands of high-level participants from all over the globe.
Announcing that Indonesia would host the 2018 meetings, IMF managing director Christine Lagarde noted that it would be a "great opportunity to showcase Indonesia's impressive economic and social achievements."
But what will those attending make of the Indonesian economy? Some participants will note that nearly two decades have passed since the Asian financial crisis, which began in July 1997. The crisis did enormous harm to Indonesia, and the scars still show.
In the three decades before the crisis, growth in gross domestic product averaged 7% a year. Since then macroeconomic policy has been more cautious and foreign markets have remained unhelpful continue reading