Jakarta (VNA) – Indonesia’sforeign debts rose to about 409.7 billion USD in July from 408.6 billion USD inJune, according to the country’s central bank (BI).
Debts of the public sector andprivate sector were 201.8 billion USD and 207.9 billion USD respectively.
However, BI spokesperson OnnyWidjanarko said that the growth of foreign debts in July 2020 at 4.1 percent year-on-yearwas still slower than the 5.1 percent in the previous month due to thedeclining growth of private foreign debt amid the relatively stable growth ofthe government's foreign debt.
He said that the government debtsrose 2.3 percent in July to 199 billion USD.
This condition was due to thewithdrawal of commitments from several multilateral institutions and theissuance of Samurai bonds to meet the financing needs including those for theCOVID-19 pandemic mitigation and the national economic recovery programme.
However, the structure of Indonesia'sforeign debts remained healthy as they were managed prudently with the debt togross domestic product (GDP) ratio reaching 38.2 percent, Widjanarko said.
The structure of the Indonesianforeign debts remains dominated by long-term debts (89.1 percent of the totalforeign debts), he noted.
In efforts to maintain the healthyforeign debt structure, Bank Indonesia and the government continue to enhancecoordination in monitoring the debt development which is supported by theprudent debt management./.
Debts of the public sector andprivate sector were 201.8 billion USD and 207.9 billion USD respectively.
However, BI spokesperson OnnyWidjanarko said that the growth of foreign debts in July 2020 at 4.1 percent year-on-yearwas still slower than the 5.1 percent in the previous month due to thedeclining growth of private foreign debt amid the relatively stable growth ofthe government's foreign debt.
He said that the government debtsrose 2.3 percent in July to 199 billion USD.
This condition was due to thewithdrawal of commitments from several multilateral institutions and theissuance of Samurai bonds to meet the financing needs including those for theCOVID-19 pandemic mitigation and the national economic recovery programme.
However, the structure of Indonesia'sforeign debts remained healthy as they were managed prudently with the debt togross domestic product (GDP) ratio reaching 38.2 percent, Widjanarko said.
The structure of the Indonesianforeign debts remains dominated by long-term debts (89.1 percent of the totalforeign debts), he noted.
In efforts to maintain the healthyforeign debt structure, Bank Indonesia and the government continue to enhancecoordination in monitoring the debt development which is supported by theprudent debt management./.
VNA
