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World / Asia

Indonesia is better prepared to face global volatility-IMF head

Published: 01 Sep 2015 - 02:12 pm | Last Updated: 01 Nov 2021 - 06:51 pm
Peninsula

Indonesian President Joko Widodo (R) talks to The International Monetary Fund managing director, Christine Lagarde (L) during a join press conference after their meeting at Merdeka Palace, in Jakarta, Indonesia, 01 September 2015. Lagarde is on a three-day visit to Indonesia to meet Indonesia's officials and to attend an international conference 'The Future of Asia Finance' organized by Indonesia's central bank and the IMF.

JAKARTA: Indonesia has never been more prepared to handle global economic uncertainty, stemming from concerns like China's slowdown and depressed commodity prices, the head of the International Monetary Fund said on Tuesday.

"We at the IMF are convinced that Indonesia is better prepared than ever before to face global economic headwinds," IMF Managing Director Christine Lagarde told reporters at a joint press briefing with Indonesian President Joko Widodo.

Lagarde earlier on Tuesday said Southeast Asia's largest economy had the "right tools to actually react" to the global volatility, as it had sound public finances and a relatively small deficit.

Reuters