{
    "success": true,
    "data": {
        "id": 1681734,
        "msgid": "prabowos-overseas-visits-what-has-been-gained-and-what-must-be-paid-1776336725",
        "date": "2026-04-16 17:10:00",
        "title": "Prabowo's Overseas Visits: What Has Been Gained and What Must Be Paid",
        "author": "Ferril Dennys",
        "source": "KOMPAS",
        "tags": "",
        "topic": "Politics",
        "summary": "President Prabowo Subianto's unprecedented \"Diplomatic Blitz\" since his October 2024 inauguration has spanned over 28 countries, securing massive foreign investment commitments exceeding $90 billion from nations including China, the UK, the US, Japan, and South Korea, amid global economic fragmentation and a Rupiah slump triggered by the February 2026 Strait of Hormuz blockade. This shift from normative multilateral diplomacy to transactional strategic autonomy aims to bolster energy supplies and investor confidence, but the success hinges on domestic bureaucracy's ability to convert these MoUs into tangible economic growth. Failure to do so risks rendering the costly diplomatic efforts mere ceremonial parades without lasting impact.",
        "content": "<p>The diplomatic foreign policy steps taken by President Prabowo\nSubianto since his inauguration in October 2024 up to his most recent\nvisit to Russia and France in April 2026 represent an unprecedented\nphenomenon of a \u201cDiplomatic Blitz\u201d in the history of Indonesian\npresidencies. In less than two years, this diplomatic guerrilla warfare\nhas reached more than 28 countries, spanning the axes of Beijing,\nWashington, London, to Moscow. However, behind the warm handshakes and\nstate red carpets, there is actually a much more complex and risky\ngeoeconomic narrative. Essentially, in addition to strengthening\ndiplomatic relations, Indonesia is also pursuing massive foreign\ninvestment amid the increasingly heated fragmentation of the global\norder. This series of visits reveals a paradigm shift from\nnormative-multilateral diplomacy towards \u201cTransactional Strategic\nAutonomy\u201d. Jakarta is no longer merely seeking political recognition,\nbut is pragmatically seeking to secure flows of capital and technology.\nThis urgency becomes even clearer when the Strait of Hormuz blockade\nbroke in February 2026, which disrupted 30 percent of the world\u2019s oil\nsupply and sent the Rupiah to its weakest level at Rp 17,159 per US\nDollar. This situation forced the government to move quickly to secure\nenergy supplies while maintaining investor confidence to prevent foreign\ncapital from fleeing (capital flight). During his series of visits,\nPrabowo succeeded in securing giant investment commitments. From China\nin November 2024, promises worth $10.07 billion were collected. The UK\nfollowed with commitments of $8.5 billion. The peak occurred in February\n2026 in Washington D.C., where through 11 Memoranda of Understanding\n(MoUs), Indonesia managed to secure investment promises of $38.4\nbillion. This was then added to commitments from Japan worth $23.63\nbillion and South Korea amounting to $10.2 billion. Cumulatively, the\ntotal Foreign Direct Investment (FDI) commitments brought home exceed\n$90 billion. A fantastic figure on paper, but full of administrative\ntraps and geopolitical risks. This is where the critical point lies: can\nthe domestic bureaucracy transform the pile of MoUs into physical\nrealisations at a time when the global economy is experiencing\ncontraction? If not, then this \u201cDiplomatic Blitz\u201d will only become an\nexpensive ceremonial parade without real impact on long-term economic\ngrowth.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/prabowos-overseas-visits-what-has-been-gained-and-what-must-be-paid-1776336725",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}