Structure of Indonesia`s external debts remains healthy: BI

Structure of Indonesia`s external debts remains healthy: BI

Bank Indonesia (BI) (ANTARA)

Jakarta (ANTARA News) - The structure of Indonesia`s external debts remains healthy as it is reflected in, among others, the ratio of Indonesia`s external debts to Gross Domestic Product (GDP).

The ratio of Indonesia`s external debts to GDP at the end of November 2018 was stable at around 34 percent, based on a statement from Bank Indonesia (BI) here on Tuesday.

The ratio is still better than the peers` average, BI communications director Agusman said.

In addition, the structure of Indonesia`s external debts remained dominated by long-term external debts amounting to 84.8 percent of the total external debts.

Indonesia?s external debts at the end of November 2018 remained controlled with healthy structure.

The position of Indonesia`s external debts at the end of November 2018 was US$372.9 billion, consisting of government and central bank debts of $183.5 billion, and private, including state-owned enterprises debts, amounting to $189.3 billion.

The external debt position increased $12.3 billion compared to the previous month due to net withdrawals of external debts, and the strengthening rupiah against US dollar resulted in bigger rupiah debts held by foreign investors in term of US dollar.

Annually, Indonesia`s external debts at the end of November 2018 grew 7.0 percent (yoy), higher than the previous month?s growth of 5.3 percent (yoy).

The increase in the external debt growth resulted from growing government and private external debt growth.

BI and the Government continue to coordinate to monitor the development of external debt and optimize its role in supporting development financing, without creating risks that can affect economic stability.
Reporting by Azis Kurmala
Editing by Suharto

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