Rupiah and Growth

The rupiah depreciation is still normal, and actually not at its worst. The current account deficit is also in the 2 percent range against the gross domestic product (GDP), and inflation is below 4 percent.

KOMPAS/PRIYOMBODO

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Cartagena is a city that is in no rush. Life seems to move without a deadline. It is quiet, yet colorful. Writer Gabriel García Márquez has described this city on the Colombian coast as “a place of amethyst afternoons and nights of antic breezes”.

However, a number of economists met last week in this unhurried city to discuss an issue that forces us to quicken our pace: the challenge of the international financial architecture.