JAKARTA, Indonesia’s foreign debts, at the end of the fourth quarter of 2020, reached 417.5 billion U.S. dollars, comprising debts of the government and the central bank of 209.2 billion dollars, and the private sector’s debts of 208.3 billion dollars, the Bank Indonesia (BI) said.
Indonesia’s foreign debts at the end of the fourth quarter of 2020 grew by 3.5 percent yoy, but dropped compared to the growth of 3.9 percent in the previous quarter, according to a BI written statement yesterday.
BI noted that Indonesia’s foreign debt growth slowed, mainly due to the slowdown in the private sector’s foreign debt growth.
In the fourth quarter of 2020, the government’s foreign debt was recorded at 206.4 billion U.S. dollars, or grew by 3.3 percent on an annual basis (yoy), higher than that in the third quarter of 1.6 percent.
BI said, the increase in the government’s foreign debt was due to the maintained investor confidence, thus encouraging the inflow of foreign capital in the government securities market, besides the withdrawal of part of the foreign loan commitment, to support efforts to handle the pandemic and recover the national economy.
The private sector’s foreign debt at the end of the fourth quarter of 2020 was recorded at 3.8 percent (yoy), lower than the growth in the previous quarter of 6.2 percent (yoy), the central bank said.
In order to maintain a healthy foreign debt structure, Bank Indonesia and the government will continue to strengthen coordination in monitoring the development of foreign debts, under the principle of prudence.
Source: NAM NEWS NETWORK