World Bank Group

12/17/2024 | Press release | Distributed by Public on 12/15/2024 18:17

Indonesia Economic Prospects December 2024

The Indonesia Economic Prospects (IEP) is a bi-annual World Bank flagship report that provides an impartial and up-to-date assessment of macroeconomic developments, policies, and outlook as well as thematic development challenges for the Indonesian economy. The IEP report aims to inform the public policy debate and is intended for a wide audience, including policy makers, business leaders, financial market participants, the community of investment analysts and professionals, academics and think tanks, and the wider public.

The IEP has two main parts with specific and complementary objectives. The first part highlights key economic developments over recent months, and places these in a longer-term and global context. Based on these developments, and on policy changes over the period, the IEP regularly updates the outlook for Indonesia's economy. This part of the report contributes to the critical need for regular and sound macroeconomic monitoring. The second part of the report provides an in-depth examination of selected economic and policy issues, and analysis of medium-term development challenges.

The December 2024 edition of the IEP will discuss Indonesia's tax performance including issues of tax policy, tax compliance and tax morale, as well as structural drivers behind low domestic revenue mobilization. It will also delve into domestic revenue reforms and the key role of this agenda in funding the country's development ambitions and vision 2045. The special focus will build on extensive research and data collected and which will be featured in the upcoming World Bank Business Tax report.

Time

Agenda

Speakers

08:30 - 09:00

Participants sign in

09:00 - 09:02

Opening of the event

MC: Ratih Dwi Rahmadanti

09:02 - 09:08

Opening Remarks

Carolyn Turk, Country Director, World Bank Indonesia and Timor-Leste

09:09 - 09:19

Keynote Speech

H.E Thomas A. M. Djiwandono, Vice Minister of Finance, Ministry of Finance of the Republic of Indonesia

09:20 - 09:25

Welcome Address

Tim Stapleton, Minister Counsellor, Australian Embassy for Indonesia

09:26 - 09:41

Presentation of the report:

Part 1 - Macroeconomic Developments and Outlook

Wael Mansour, Senior Economist, World Bank

09:42 - 09:57

Presentation of the report:

Part 2 - Funding Indonesia's Vision 2045

Rong Qian, Senior Economist, World Bank

09:59 - 10:49

Panel Discussion: The role of tax reform in funding Indonesia's vision 2045.

Moderator: Lars Christian Moller, Manager, East Asia, World Bank

Invited Panelists:

· B. Bawono Kristiaji, Director of Fiscal Research & Advisory, DDTC

· Riatu Mariatul Qibthiyyah, Public Finance Expert and Former Director of the Institute of Economic and Social Research (LPEM FEB UI)

· William Sabandar, COO, Indonesia Business Council

10:50 - 11:00

Closing