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Indonesia needs to build more infrastructures to support growth target: official

06-01-2011 17:11 BJT

JAKARTA, June 1 (Xinhua) -- Indonesia needs to build more infrastructures to support growth target even though foreign investment is expected to rise further in 2012 following rising Indonesia's rank into investment grade by international rating agencies, an official said here on Wednesday.

Darmin Nasution, governor of Bank Indonesia, the central bank, told a parliamentary hearing that Indonesia needs to seize opportunities following improving world's economy.

"The world's trade is expected bigger next year compared to this year. Our export will be slightly bigger," said Nasution.

However, he said, economic difference between Indonesia and developed countries will get smaller as Indonesia's economy gets better.

"But, the consequence is that capital inflow will be not as big as before. It will also effect on forex rate," he said.

However, he said, based on Bank Indonesia's assessment, the country's economic capacity is already full.

"It means that our capacity of supply side is full, especially in infrastructure sector. If there is no meaningful development related to infrastructure development, it would be rather hard to increase our economic growth further," he said.

In the government's working plan 2012, Indonesia targeted a 6.5- 6.9 economic growth next year.

Editor:Wang Xiaomei |Source: Xinhua

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