Foreign debt grew at sluggish pace in July 2020: BI
Jakarta, Sept. 15 -- Bank Indonesia (BI) highlighted the slow pace of growth of Indonesia's foreign debt in July 2020, by 4.1 percent year-on-year (yoy), from 5.1 percent yoy recorded in June 2020.
"This development is driven by a decline in private foreign debt growth amid the relatively stable growth of the government's external debt," Head of the BI Communication Department Onny Widjanarko noted in a statement in Jakarta, Tuesday.
He expounded that Indonesia's foreign debt position at the end of July 2020 was recorded at US$409.7 billion, comprising the public sector, the Government and Central Bank, $201.8 billion; and the private sector, including state-owned enterprises (BUMN) $207.9 billion.
Widjanarko remarked that the governme...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.