Mild Crisis, Half Hearted Fiscal Stimulus: Indonesia During the GFC


Wednesday, April 13, 2011, 12:00pm to 1:30pm


124 Mt. Auburn Street, Suite 200-North, Cambridge, MA

Muhammad Chatib “Dede” Basri, University of Indonesia

About the Seminar
This seminar will provide an overview of the role of fiscal policy in Indonesia after the 1998 fiscal crisis and especially during the Global Financial Crisis in 2008. Basri’s presentation will be based on his new joint paper with Sjamsu Rahardja, which will be published as a chapter in a forthcoming book edited by Takatoshi Ito.

This event is sponsored by the HKS Indonesia Program.

About the Speaker
Muhammad Chatib Basri is the vice chairman of the National Economic Committee of the President of the Republic of Indonesia. He is also a senior lecturer at the Department of Economics, University Indonesia, and research associate at the Institute for Economic and Social Research, Faculty of Economics University of Indonesia. He is now a member of the Asia Pacific Regional Advisory Group of the International Monetary Fund (IMF), comprising nine prominent experts in Asia Pacific. Dr. Basri is the co-founder and senior partner of CReco Consulting, a Jakarta-based economic consulting firm established in 2010. He is also a member of the High Level Trade Expert Group.

He was special adviser to the Minister of Finance of the Republic of Indonesia in 2006-2010. He served as the sherpa to the President of the Republic of Indonesia for the G-20 meeting in Washington, November 2008 and acted as a deputy of minister of finance for G-20 from 2006-2009. His expertise is in international trade, macroeconomics, and political economy.

Since 2005, he has served as a member of advisory team to the Indonesian National Team on Trade Negotiation. He is also the independent commissioner for major public companies in Indonesia including PT Astra International, Pt Semen Gresik, Tbk, PT Astra Otoparts, and PT Indika Energy. In November 2010, Dr. Basri joined Axiata Group Bhd as an independent non-executive director.

He has acted as a consultant for the World Bank, the Asian Development Bank (ADB), the USAID, AUSAID, OECD, and UNCTAD. He is the author of a number of papers in international journals and actively writes for various leading newspapers and magazines in Indonesia.