Indonesia has been included in the list of 10 small-medium income countries with the largest foreign debt in the world (Photo: finance.detik.com) Jakarta (VNA) – Indonesia has been included in the list of 10 small-medium income countries with the largest foreign debt in the world, revealed a report of the World Bank (WB).
Data from the WB showed that the country’s foreign debt saw an upward trend through the year.
Indonesia's external debt rose to 402.08 billion USD in 2019, from 179.4 billion USD recorded 10 years earlier.
Last year, long-term debt reached 354.54 billion USD while short-term one only stood at 44.79 billion USD.
The WB noted that the foreign debt of low- and middle-income countries across the globe hit 8 trillion USD in 2019. The figure increased by 5.4 percent from the previous year./.
VNA
