Indonesia’s Foreign Debt on a Downward Trend Since July 2022

- 16 September 2022 10:07 WIB
Bank Indonesia
Bank Indonesia

JAKARTADAILY.ID – Indonesia's foreign debt stood at $400.4 billion at the end of July 2022, down from $403.6 billion in the previous month.

The latest developments stemmed from lower debt positions recorded in the public sector (Government and Central Bank) and private sector.

Annually, therefore, the position of foreign debt experienced a deeper 4.1 percent (yoy) contraction in July 2022 after contracting 3.2 percent (yoy) in the previous period.

 

Also Read: BI: Official Reserve Assets for August 2022 Remain High at 2.2 Billion

The lower foreign debt position was attributable to a rebalancing by non-resident investors in the domestic SBN market given persistently elevated global financial market uncertainty. 

Meanwhile, loan instruments record a higher position, primarily to support program and project loans for Covid-19 handling, infrastructure development as well as other development projects and programs. 

Foreign debt disbursements in July 2022 remained oriented towards productive sector financing and accelerating the national economic recovery. 

Also Read: Bank Indonesia Connects the QRIS Payment System to ASEAN Countries, Initial Tests Conducted in Thailand

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Editor: Suksmajati Kumara

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