Indonesia to set up 5 billion USD sovereign wealth fund World

Indonesia to set up 5 billion USD sovereign wealth fund

The Indonesian government is preparing 75 trillion Rp (5.1 billion USD) for the nation’s sovereign wealth fund (SWF) to attract investment and support the economy as global heavyweights from the United States to the United Arab Emirates have expressed interest to join.
Indonesia adopts state budget bill into law World

Indonesia adopts state budget bill into law

The Government and House of Representatives of Indonesia passed the 2021 state budget bill into law on October 1, aiming at accelerating economic recovery amid the COVID-19 pandemic and pushing for structural reforms to boost competitiveness.
Indonesia’s economy forecast to contract 3.8 percent in Q2 World

Indonesia’s economy forecast to contract 3.8 percent in Q2

Indonesia's economic growth in the second quarter of 2020 was projected to stay at the level of minus 3.8 percent or in the range between minus 3.5 percent and minus 5.1 percent due to the COVID-19 pandemic, Indonesian Finance Minister Sri Mulyani Indrawati has said.
Indonesia: Central bank purchases 1.6 bln USD worth of G-bonds World

Indonesia: Central bank purchases 1.6 bln USD worth of G-bonds

Indonesia’s central bank (BI) has bought 1.6 billion USD worth of government bonds in the primary market, underlining its commitment to remain active in it as the country faces a burgeoning state budget deficit due to the rising cost of COVID-19 mitigation efforts.
Indonesia seeks to curb budget deficit World

Indonesia seeks to curb budget deficit

Indonesian Finance Minister Sri Mulyani Indrawati has forecast that Indonesia’s 2020 state budget deficit will potentially widen in the face of current global uncertainties.
Indonesia’s budget deficit predicted to widen to 2.8 percent World

Indonesia’s budget deficit predicted to widen to 2.8 percent

Indonesia’s 2020 state budget deficit is likely to further increase to 2.8 percent of the country’s gross domestic product (GDP), much higher than the government’s target, as tax reforms would result in lower revenue collection, according to local economists.
Indonesia’s budget deficit rises in 11 months World

Indonesia’s budget deficit rises in 11 months

Indonesia’s budget deficit neared 26.28 billion USD during January - November, or 2.29 percent of the gross domestic product (GDP), compared to 1.8 percent of the GDP during the same period last year.
Indonesia introduces Muslim bonds at IMF-WB meetings World

Indonesia introduces Muslim bonds at IMF-WB meetings

Indonesia has introduced Green Sukuk, an Islamic bond used for financing environmentally-friendly projects, at the ongoing International Monetary Fund-World Bank (IMF-WB) annual meetings in Nusa Dua, Bali.
Indonesia tightens security ahead of IMF-WB meeting World

Indonesia tightens security ahead of IMF-WB meeting

Police in Bali island of Indonesia have tightened security against infiltration of terrorists to the island, where the next annual meeting of the International Monetary Fund (IMF) and the World Bank (WB) will take place in October this year.