With COVID-19 outbreak fast becoming a global concern, we have decided to postpone the 7th CFO Innovation Indonesia Forum, which was scheduled on 12 March 2020 to the later date of Thursday, 2 July 2020 at the same venue, Grand Hyatt Jakarta.
“Indonesia has set aside 10 trillion rupiah as a buffer for fiscal risks in 2020, a 43% increase from the year before, due to global economic uncertainty”, Reuters, September 2019
The Indonesian Parliament recently passed the government’s 2020 budget of 2,528.8 trillion rupiah with a fiscal deficit of 1.8% of GDP, which was designed to anticipate a global recession.
The outlook echoes the World Bank’s “Global Economic Risks and Implications for Indonesia” study that projected Indonesia’s GDP growth to fall from 5.2% in 2018 to 4.6% in 2022, driven by lower productivity, dampened workforce growth and weaker global commodity prices.
With downside risks increasing, this is the time for the CFOs to fortify their enterprises’ financial credibility by ensuring a strong balance sheet, well-positioned to weather turbulences and ride through unpredictable economic scenarios.
Join the discussion at the 7th CFO Innovation Indonesia Forum, where top-tier finance industry stakeholders convene and share best practices and strategies on:
02 Jul 2020
Grand Hyatt Jakarta