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Indonesian Policy Makers Get Real With Pared Back Reform Goals

  • Finance chief says external conditions hampering reforms
  • 2016 growth may be 5.3 percent to 5.5 percent, minister says

Indonesian Finance Minister Bambang Brodjonegoro is facing facts. He knows fixing Southeast Asia’s largest economy won’t be easy -- or quick -- and he’s toning down expectations for the pace of reform.

“To do a reform is not an easy one,” Brodjonegoro said in a Sept. 17 interview. “Maybe we want to do this kind of reform, but due to the external condition maybe we should go half of the planned reform, because then we need to take into account the current condition. If the current condition doesn’t really help the quick reform then maybe we should slow down.”