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...