"Amid the current war-triggered energy crisis, an important lesson learned is that Indonesia's current resilience is rooted not in emergency measures but in structural reforms implemented long before the crisis," Finance Minister Purbaya Yudhi Sadewa said in his statement on Monday.
During the IMF-World Bank Spring Meetings from April 13 to 17, 2026, in Washington, he stated that the ongoing conflict in the Middle East serves as a reminder that efficient processes and permits are key to energy security.
In this regard, the establishment of the Task Force for the Acceleration of Government Strategic Programs (P2SP) to address complaints about obstacles experienced by the business community is one of the important reforms Indonesia has undertaken.
Indonesia is also accelerating reforms by simplifying licensing and reducing barriers to energy imports, Purbaya noted.
For developing countries like Indonesia, he continued, the main concerns regarding external imbalances lie in potential risks, including capital flow volatility, inflationary pressures, and spillover impacts from the global financial system.
Although the war triggered shocks through energy prices, shipping costs, and currency volatility in Indonesia, he stated that Indonesia's macroeconomic stability remained intact compared to many other countries facing similar pressures.
He acknowledged that Indonesia recorded a foreign exchange outflow of US$1.8 billion and the rupiah depreciated, yet Indonesia's fiscal deficit remained below 3 percent and foreign exchange reserves remained adequate.
This is believed to be evidence that macro-financial credibility is functioning at a critical time, including in strengthening energy security.
On the other hand, amid global price adjustments, the yield on 10-year government bonds has increased relatively, but remains within the government's assumptions.
This credibility allows Indonesia to absorb higher energy prices without compromising support for vulnerable groups or exceeding the country's fiscal deficit limits, Purbaya added.
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Translator: Imamatul Silfia, Yashinta Difa
Editor: Rahmad Nasution
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