According to a statement from the Indonesian Embassy in Bern on Sunday, the presentation was delivered by IGP Wira Kusuma, Executive Director and Head of the Bank Indonesia Representative Office in London, at the forum held in Basel on June 11, 2025.
Wira Kusuma noted that Indonesia’s fiscal policy remains focused on productive spending while keeping the budget deficit below 3 percent of gross domestic product (GDP).
The real sector recorded solid growth in the first quarter of 2025 and is projected to grow between 4.6 and 5.4 percent over the full year.
The financial sector also showed strength, with credit growth reaching 8.8 percent year-on-year, while credit risk remained low with non-performing loans (NPLs) at just 2.17 percent.
In May, Bank Indonesia cut its benchmark interest rate by 25 basis points to 5.5 percent to help maintain exchange rate stability, control inflation, and support inclusive economic growth.
On the investment side, Swiss investment in Indonesia reached US$244.9 million in 2024. This figure is expected to rise following the implementation of the Indonesia–Switzerland Bilateral Investment Treaty (BIT).
Trade between the two countries reached US$2.37 billion in 2024, with further growth anticipated under the Indonesia–European Free Trade Association Comprehensive Economic Partnership Agreement (Indonesia–EFTA CEPA). EFTA includes Switzerland, Norway, Iceland, and Liechtenstein.
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Reporter: Cindy Frishanti Octavia
Editor: Anton Santoso
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