The Indonesian government says its recent policy changes and banking measures will ensure the country's labour intensive industries keep jobs and continue exporting.
The government says its new measures, such as tax breaks, will look at creating a more orderly wage-setting system in a country that's posted a vast increase in the minimum wage.
However, analysts such as Ben Bingham, IMF Senior Resident Representative in Indonesia, say they are waiting to see how much real change will take place.
"Some of these headlines look as if they are heading in the right direction but how deeply will they be implemented and how comprehensive will that implementation, or will the strategy be on that side," Mr Bingham said. With Indonesia's growing import bill and smaller returns on its commodity exports weakening its position, the country's trade deficit is almost hitting 10 billion US dollars.
Like many emerging economies, Indonesia has suffered as confidence in the US recovery has improved.
With the Indonesian currency, the rupiah, falling to levels not seen for several years, Indonesia's central bank continues to move large amounts of its own foreign currency reserves into the system to prop up the rupiah's value.
"I promised the government that I would keep coordinating and providing input, both for the central and local government, so that the macro economy will be stabilised," Bank Indonesia's Governor Agus Martowardoyo said.
Indonesia's current financial standing has been likened to the Asian financial crisis of the late 1990's.