BI expects investment to reach Rp1,165 trillion in 2008

Senior Deputy Governor of Bank Indonesia (the central bank) Miranda Swaray Goeltom said she expected that investment in 2008 would reach Rp1,165 trillion to meet the economic growth target of more than 6 percent.
With the need of investment amounting to Rp1,165 trillion, banks have bigger opportunities to finance investment, she said at a function on the conferment of citations to the 2007 financial figures by a magazine in Jakarta on Tuesday.
"Currently, three fourths of investment are funded by banks," she said, adding that in 2008, banks were expected to fund more than three fourths of investment.
Such a condition could be realized if investment on other financial markets would nor grow faster. "If the other financial markets grow better, bank funding would likely lessen," she said.