On
Indonesia IMF Cites Account
Deficit and Low Female Labor
Participation Not West Papua
By Matthew
Russell Lee, CJR PFT NYP
NEW YORK CITY,
May 17 –When Indonesia
on May 1 held
a press
conference
about its
upcoming month as
president of
UN Security
Council, Inner
City Press
which has
covered the
Council and
its failures
for a decade
was banned
from entering
the UN for the
301st
day by Antonio
Guterres.
Indonesia
never bothered
to inform
Inner City
Press about a
May 13 UNSC
session on
Cameroon, one of
the countries for
reporting on
the UN's
failure on
which Guterres
has banned
Inner City
Press, 317
days and
counting.
Now
on May 17 the
International
Monetary Fund
which Inner
City Press
also covers as
an accredited
reporter
(while the UN
bans it) has
put out this
on Indonesia,
without a word
for example
about the
abuse of West
Papua: "An
International
Monetary Fund
(IMF) team led
by Mr. Luis E.
Breuer visited
Indonesia from
May 2 to 14,
2019, to
conduct the
discussions
for the 2019
Article IV
Consultation.
At the
conclusion of
the visit, Mr.
Breuer issued
the following
statement... 'The
current
account
deficit
widened to 3
percent of GDP
in 2018,
mainly due to
higher
infrastructure-related
imports and
lower
commodity
exports. In
addition,
tighter global
financial
conditions led
to a sharp
decline in net
portfolio
flows, which
combined with
lower foreign
direct
investment
flows,
resulted in a
deficit of the
balance of
payments. The
current
account
deficit is
projected to
narrow
gradually in
2019 and over
the medium
term, and the
overall
balance of
payment to
turn
positive.
“Risks to the
outlook are
tilted to the
downside and
mainly stem
from external
sources,
including
rising trade
tensions,
sharp
tightening of
global
financial
conditions,
weaker-than-expected
growth in
China, and
large swings
in commodity
prices. On the
upside,
post-electoral
renewed
reforms
efforts by the
government
would boost
confidence,
investment,
and
growth.
“The
authorities
are rightly
focused on
protecting
stability with
macroeconomic
policies and
boosting
inclusive
growth through
structural
reforms. This
policy
strategy
remains
appropriate in
light of the
uncertainties
affecting the
world economy.
In the near
term, the
authorities
should
emphasize
maintaining
policy
flexibility,
protecting
buffers, and
addressing
current
economic
vulnerabilities
with renewed
efforts.
“Given low
inflation and
inflation
expectations,
there is room
to cautiously
loosen the
monetary
policy stance
by gradually
unwinding
interest rate
hikes adopted
in response to
the 2018
emerging
market
selloff, as
external
conditions
allow. The
authorities
should
continue to
let the
exchange rate
move freely in
line with
market forces,
with foreign
exchange
intervention
limited to
addressing
disorderly
market
conditions.
This would
protect
foreign
exchange
reserves to
face possible
future shocks
and allow the
current
account
deficit to
adjust. As
Bank Indonesia
adjusted its
policies to
address the
challenges of
2018, a
broader
dissemination
of the central
bank’s policy
framework,
including its
use of policy
instruments,
will
contribute to
the
effectiveness
of
policies.
“A neutral
fiscal stance
is warranted
for 2019 and
2020. While
Indonesia has
some fiscal
space, a
largely
unchanged
fiscal deficit
of 1.8 percent
of GDP in 2019
and 2020 would
strike a
balance
between
supporting
growth and
stability, in
the context of
uncertain
external
financing
conditions. As
this stance
would maintain
debt
sustainability,
fiscal policy
should focus
on creating
additional
space through
tax reform and
improving the
composition
and efficiency
of public
spending.
Revenue
mobilization
through the
modernization
of the tax
system and tax
administration
is essential
to finance
government
priorities in
the areas of
education,
including
vocational
training,
health,
infrastructure
and social
safety nets,
and could
contribute to
significant
economy-wide
productivity
gains and
reduce
inequality.
“The banking
system remains
well
capitalized
and highly
profitable,
and
system-wide
liquidity is
ample. The
authorities
continued to
take actions
in line with
the Financial
Sector
Assessment
Program (FSAP)
recommendations,
although
further
efforts are
needed to
strengthen
financial
oversight and
crisis
management.
Financial
deepening and
inclusion
would help
mobilize
domestic
resources to
finance the
economy and
lessen the
reliance on
volatile
external
financing.
“Building on
past efforts
to improve
infrastructure,
streamline
regulations
and reform the
education and
health
sectors—which
have
contributed to
improvements
in the
economic
environment—the
authorities
should sustain
these efforts,
and even
expand them,
to address
continued
structural
bottlenecks
and
impediments to
higher growth.
The latter
include still
burdensome
regulations,
especially at
the
subnational
government
level,
restrictions
to foreign
direct
investment
that hamper
economic
diversification,
the strong
presence of
SOEs that may
limit
competition
and innovation
in some
sectors, rigid
labor markets,
and low female
labor
participation.”
The team
exchanged
views with
officials in
the
government,
Bank
Indonesia,
Financial
Services
Authority
(OJK), other
public
agencies and
representatives
of the private
sector. The
team wishes to
express its
gratitude to
the
authorities
and
counterparts
for their warm
hospitality
and
constructive
discussions." We'll
have more on
this, and on
Indonesia's
still entirely
unresponsive
UNSC
presidency and
two year
elected
membership.
They must do
better.
Inside
the UN on May
1, the first
question to
Ambassador
Dian Triansyah
Djani was
handed to one
who has falsely
puffed up Guterres
has having raised
China's abuse
of the Uighurs
to President Xi
(Guterres did
not raise it
to Xi). A
later question
went to an
insider who
said, I am
going to ask
the same
question as
everyone else.
There
was almost
nothing about
anything
in Africa,
over 60% of
the UN
Security
Council's
agenda, much
less on Cameroon
or Burundi or
Uganda, whose
foreign
minister was
bribed by the
same CEFC
China Energy
which tried to
buy the Partex
oil company of
Gulbenkian
Foundation
which has paid
Guterres.
We'll have more
on this - and
on UNSC
meetings and
negotiations,
if only from
the gate
outside.
On May
2 there is Cyprus, a
long time UN
and Guterres
failure, then
a Council
retreat May 2-3. On
May 10 there
is Libya, and
on May 11
Yemen, also
both UN
failures. On
the 22nd, Somalia,
where
Guterres
undercut his
own envoy Nicholas
Haysom
calling him
"impolite" for
having signed
a letter of
human rights
questions to
the government
in Mogadishu.
(On May 9
there will be
an Arria formula meeting on
Palestine, although
it is not
listed on
the online
Program of
Work.)
And on
May 23, what
else, SG Antonio
Guterres'
dinner. The
UNSC Presidency
should make
information available
to those who
cover and also
to those who
are impacted
by the
Council. Watch
this site.
Inner
City Press
covered the UN
Security
Council for
ten years,
covered trips
to Sudan, DRC,
Cote d'Ivoire
and most
recently Haiti
- until
Guterres amid
questions
about his
links to UN
bribery had it
thrown out. We'll
have more,
much more, on
this - and
on Cameroon: after
Paul Biya who
has ruled
Cameroon for
36 years on
January 28 had
his opponent
Maurice Kamto
arrested,
Inner City
Press again asked UN
Secretary
General Antonio
Guterres and
his spokesmen for
their comment
and action, if
any. This came
after Guterres
had Inner City
Press roughed
up on 3
July 2018
after it
interviewed Biya's
Ambassador
about the two
men's Budget
Committee
deals and banned
from the UN
since -
Guterres even tried
to get Inner
City Press
banned from
the Park East
Synagogue,
here, which
was denied /
dodged by his
spokesman
Stephane
Dujarric. On March 1
after the
Nigerian
federal high
court sitting
in Abuja
declared
illegal and
unconstitutional
the
deportation of
Ayuk
Tabe and 46
others from
Nigeria to
Cameroon in
January 2018,
Dujarric who
refuses questions
from
Inner City
Press he has
banned took a
fake question
from one of
his favorites,
who said
"Anglophones did
some shooting" - and
said NOTHING
about the new
ruling. The
refoulement
took place
with Guterres'
Deputy SG
Amina J.
Mohammed
there, and
joining in
censorship
since. We'll
have more on
this, and
this: Azanwuli
Chikere, a
member of the
panel which
heard the
case, said the
Nigeria
federal
government
lacks the
power to
deport
refugees and
asylum seekers
from Nigeria.
Ruling
on an
application
filed by Femi
Falana, human
rights lawyer,
the court
awarded N5
million
damages to
each of the
applicant and
also ordered
the government
to ensure the
Cameroonians
are brought
back to
Nigeria.
Among those
deported were
Julius Tabe,
Nfor Nfor,
Fidelis Che,
Henry Kimeng,
Awasum,
Cornelius
Kwanga,
Tassang
Wilfred,
Eyambe Elias,
Ojong Okongho
and Nalowa
Bih. Amid
Guterres'
shameful
silence, in
Cameroon
opposition
leader Maurice
Kamto on
February 27
argued he
cannot be
tried in a
military court
- the UN seems
fine with this
- while
supporters
were held over
in Kondengui
prison until
at least March
19. Meanwhile
Guterres' UN
system and affiliates, in a
system that like
a fish rots
from the head,
lavish praise
and money on
Paul Biya as he burns
villages and
takes untold
money to his
hotel in
Geneva. It has
gone beyond
the money the
Secretariat is
raising for Biya -
now the World
Bank is shoveling
in money for a dubious
dam project: "The
Cameroonian
President
authorized
last February
22 the economy
minister,
Alamine
Ousmane Mey,
to sign a loan
agreement with
World Bank’s
subsidiary,
the
International
Development
Association
(IDA), for an
amount of
€24.5 million,
or XAF16.3
billion." How
much will go
for Biya's
hotel bills in
Geneva, paid
in cash? The
UN World
Health
Program's
Matshidiso
Moeti praised
Biya on, if it
can be
believed,
health while Biya is
in fact
killing
people. Shesaid she "was
touched when
the Minister
of State 'told
me that when
we train
health
personnel we
need to tell
them not only
to be
efficient and
knowledgeable
but also to
treat members
of the public
with kindness
and
compassion.'"
Paul Biya and
compassion?
That's
like Antonio
Guterres false
claim
to care about
and comply
with freedom of the
press. Doctor, heal
thyself.
On
February 25 in
Geneva, amid a
Guterres
junket full of
false claims
of his
commitment to
freedom
of the press
and to human
rights, Biya's
Foreign
Minister
Lejeune Mbella
Mbella in his
speech to the
UN Human Rights
Council
bragged of
being elected to
this Council,
amid his
government's
slaughter in
October 2018,
and thanks Antonio
Guterres. He
called the opposition
"armed
terrorist
groups" and
did not
mention the
imprisonment
and possible
death penalty
against for example
Maurice
Kamto, nor the military
trial against
Ayuk Tabe and
those
illegally
refouled from
Nigeria. Nor does
Guterres speak
about those
abductions,
which took
place while
his deputy
Amina J.
Mohammed was
in Abuja. This is
the travesty
that Guterres
is turning the
UN system
into. In
Cameroon, the ten
standing
"trial" before
the Yaounde
Military
tribunal have been
told despite
showing refugee and
asylum seeker
status that
they cannot
appeal. Their
lawyers walked
out, and
silence from
the UN of
Antonio
Guterres who not only
does not allow
appeals but provides
for no hearing
before having
a journalists
who
questions him
about Cameroon
roughed up and
banned, now
for 232
days. In
Cameroon, Barrister
Ndong
Christopher
proferred
two groups of
documents ;
one from
recognizing
Shufai Blaise
Berinyuy, Nfor
Ngala Nfor,
Tassange
Wilfred and
Eyambe Elias
as
refugees.
The other set
of documents established
Julius Ayuk
Tabe, Kwanga
Cornelius,
Ogork Egbe,
Nde Fidelis,
Kimeng Henry
and Awasum
Augustine as asylum
seekers. Their
lawyers
state
they will be
filing an
appeal at the
Mfoundi High
Court.
And the UN is
silent;
Guterres took
Biya's
golden statue
and his
ambassador
Tommo Monthe's
favors in the
UN Budget
Committee, had
Inner City
Press roughed
up as it
reported on it
and banned
since.
This
race to the
bottom by Paul
Biya has been
in parallel
with Guterres'
six calls to
Biya,
which Dujarric
refuses to
answer
questions
about.
But Guterres
and Dujarric
have
offered no
answer to this
Inner City
Press
question:
"what is the
SG's comment
and follow up
action, if
any, on that
Kamto is
currently held
at the
building of
the Groupement
spécial
d’opérations
in Yaoundé.
According to
his lawyers,
Kamto could be
charged with:
insurrection,
hostility
against the
homeland,
criminal
association,
threats to
public order,
rebellion,
group
rebellion, and
inciting
insurrection,and
that there are
currently up
to 200 people,
of whom the
majority are
MRC
supporters, in
detention
following
protests on
January 26,
and, again, on
the arrest and
detention of
journalists
Théodore
Tchopa and
David Eyengue
Nzima merely
for covering
the opposition
gathering in
Douala. Again,
what are the
read-outs of
his six
conversations
with Paul Biya
and most
recently of
Francois
Fall's visit
there?" No
answer. An
UNacceptable fraud.
After
Guterres
bragged again,
this time
in French,
about his
talks with
Biya's
government, Cameroon
forces burned
down the
hospital in
Kumba in the
Anglophone
Southwest
Region. The UN
usually calls
attacks on
medical
facilities a
war crime but
as we have
seen, Biya's Cameroon
is a special
case for
Guterres, since
it
chaired the UN
Budget
Committee. But
Guterres has
nothing to say
about Biya's
burning of a
hospital. Before
9 am on Febuary
11, Inner City
Press in
writing asked
Guterres,
Amina J.
Mohammed, Alison
Smale, Farhan Haq and
"Spokesman" Stephane
Dujarric:
"February
11-1: On
Cameroon, what
is the SG's
comment and
action on the
deadly burning
down of the
hospital in
Kumba in the
Anglophone
Southwest
Region, and on
the
imprisonment
of nurse
Njongwan
Emeline for
"unauthorized"
filming the
authorities
mass arrests
in Buea? In
this context,
please
immediately
specify the
SG's statement
on "dialogue
avec le
Premier
Ministre [du
Cameroun] et
il nous a
promis que
tout ce fait
pour créer des
conditions de
respect des
droits de
l’homme et de
dialogue pour
que la
situation
puisse se
normaliser"?"
Weeks later,
nothing.
More
here.
***
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