Bank Indonesia (BI) recorded a surplus of US$10.7 billion in the balance of payments (BOP) in the third quarter of 2021 after experiencing a deficit of US$0.4 billion in the previous quarter. “Thus, this supports external resilience,” Head of BI’s Communication Department, Erwin Haryono, noted in an official statement received in Jakarta on Friday. Meanwhile, foreign exchange reserves at the end of September 2021 reached US$146.9 billion, higher than US$137.1 billion at the end of June 2021. The foreign exchange reserve position is equivalent to financing 8.6 months of imports and servicing government external debt, as it is above the international adequacy standards. In the third quarter of 2021, the current account recorded a surplus that was mainly supported by a significant increase in the balance of trade (goods) surplus. The current account in the reporting period recorded a surplus of US$4.5 billion (1.5 percent of the GDP) after a deficit of US$2.0 billion (0.7 percent of the GDP) during the previous quarter. A surplus in the goods balance drove this positive performance due to an increase in non-oil and gas exports that aligned with strong demand from trading partner countries and the continued increase in prices of major export commodities in the international market. On the other hand, the services account deficit was lower, partly due to improved performance in transportation services and supported by increased revenue from freight services as export activity improved. The primary income account deficit increased on account of an increase in payments for direct investment returns, influenced by improvements in the performance of natural resource-based corporations. The capital and financial account in the third quarter of 2021 recorded a surplus of US$6.1 billion (two percent of the GDP), higher than the US$1.6 billion (0.6 percent of the GDP) in the previous quarter. “This is increasing, especially from direct investment. Net inflows of direct investment are maintained at US$3.3 billion,” Haryono affirmed. Other investments also recorded a surplus after experiencing a deficit in the previous quarter as influenced by a decrease in net foreign loan payments, an increase in the placement of non-resident deposits in the country, and an additional allocation of special drawing rights (SDR). Portfolio investment during the third quarter of 2021 also recorded net inflows of US$1.1 billion, although it decreased, from US$4.0 billion in the previous quarter in line with the global financial market uncertainty. Haryono ensured that BI will continually monitor the dynamics of the global economy that could affect the outlook for the balance of payments. BI also continued to strengthen the policy mix to maintain economic stability and continued policy coordination with the government and relevant authorities to strengthen external sector resilience, he added. Source: Antara News

The Indonesian Government needs to improve the quality of health services in several regions and reduce inequality in access to healthcare, an official from the Coordinating Ministry for Human Development and Cultural Affairs has said.

“There are problems and gaps with the health quality in several regions based on the health facilities and infrastructure. The disparity in health infrastructure between regions is extraordinary,” deputy for coordination for health quality improvement and population development at the ministry, Agus Suprapto, noted at a webinar on ‘COVID-19 Handling Roadmap Input’ on Friday.

Amid the COVID-19 pandemic, the gap in the health service quality can be seen from the vaccination achievements in regions, he said. In Jakarta, the first dose vaccination coverage has reached 133.81 percent of the target, while in Papua, it has touched just 25.32 percent, he noted.

There have also been vaccination disparities between districts or cities within a province, Suprapto added.

For example, first dose vaccinations in Aceh province have reached 87.23 percent of the target, while in Sabang, they have been recorded at just 40.82 percent, he said.

“In fact, vaccination is needed to form herd immunity. Cooperation from all parties is needed to build a health system in the respective regions,” he emphasized.

The Indonesian Government will continue to accelerate vaccinations in each region to achieve its target of inoculating 208 million people, he said.

The community’s behavior must also be improved for handling the COVID-19 pandemic, he added.

Suprapto then lauded officers who have participated in encouraging the public to implement strict health protocols.

“Not only officers but the public, in general, must also increase their awareness to end this pandemic,” he remarked.

There is also a need to increase vaccinations and involve research, industry, and social institutions in handling COVID-19, he said. The government must also improve the health management system in the future to face the predicted third wave of COVID-19, he added.

“The last solution is that we hope the community mobility restrictions (PPKM) will be continuously conducted. This regulation requires a lot of work from many elements,” Suprapto remarked.

Since the end of the COVID-19 pandemic is uncertain, he said he hopes the government will continue to implement the ‘gas and brake’ policy by monitoring the number of COVID-19 cases in each region.

 

Source: Antara News