Michelle Natalia
"The structure of external debt in Indonesia remains sound, supported by prudential management," he stated.
External debt was still manageable in July 2023, as reflected by a lower ratio of external debt to gross domestic product (GDP) of 29.2% in the reporting period compared with 29.3% the month earlier, and dominated by long-term debt that accounted for 87.8% of the total.
"Seeking to maintain a healthy structure, Bank Indonesia and the Government continued strengthening coordination in terms of monitoring external debt developments, supported by the application of prudential principles, while optimising the role of external debt to support development financing and promote sustainable national economic growth, as well as minimise the risks that could impact economic stability," he concluded. (WHY)
