JAKARTA - Indonesia has revised down its investment target next year to 17 billion U.S. dollars from the previous target of 20 billion U.S. dollars, due to the fallout of the global financial problems, chairman of the country's investment board Muhammad Lutfi said here Monday.
"The global financial turmoil has led us to decline our target," the chairman told. The global economic crisis has prevented investors from spending their U.S. dollars in overseas, especially in emerging markets, which suffer from risky assets. The government has forecast that the Indonesian economic would grow some 4.5 percent next year, while the World Bank expects 4.4 percent growth in 2009.
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JAKARTA - Indonesia has revised down its investment target next year to 17 billion U.S. dollars from the previous target of 20 billion U.S. dollars, due to the fallout of the global financial problems, chairman of the country's investment board Muhammad Lutfi said here Monday.
