Airlangga Claims Indonesian Market Accessibility Remains Strong

Coordinating Minister for Economic Affairs Airlangga Hartarto asserted that the results of the MSCI 2026 Market Classification Review serve as momentum to accelerate Indonesian capital market reforms. According to him, the Emerging Market status demonstrates that the nation’s economic fundamentals and market accessibility remain strong. “The government appreciates MSCI’s input as part of a joint effort to improve the quality of the capital market,” Airlangga said in a written statement on Wednesday, 24 June 2026. Airlangga stated the government’s focus is to ensure that the reform agenda does not stop at the policy level, but is implemented consistently to have a real impact on transparency, market integrity, and investor confidence. With consistently implemented reforms, supported by strong economic fundamentals and maintained macroeconomic stability, the government believes the Indonesian capital market will become more transparent, efficient, and credible. These efforts are expected to enhance Indonesia’s attractiveness as a prime investment destination in the region and maintain its status as an Emerging Market. Global index provider MSCI Inc. announced the results of its MSCI 2026 Market Classification Review on 23 June 2026 local time. In this year’s review, MSCI did not reclassify Indonesia and did not open a consultation regarding a potential reclassification of Indonesia from Emerging Market to Frontier Market. Indonesia remains in the Emerging Market category and continues to be part of the group of global investment destination countries. According to Airlangga, this decision confirms that the Indonesian capital market still meets the key characteristics of a developing market and remains part of the global investment destination countries. Amidst international economic and financial market dynamics still filled with uncertainty, he said, this decision reflects confidence in Indonesia’s economic fundamentals and the various reform measures undertaken by the government together with financial sector authorities. He stated that the government views the review results positively and proportionally. Indonesia’s continued status as an Emerging Market indicates that the country’s market accessibility is generally maintained, while MSCI’s notes serve as constructive input to strengthen the quality of national capital market governance. The government also noted that MSCI assessed Indonesia’s reform measures as steps in the right direction, with an emphasis that what matters going forward is consistency of implementation and its sustainable impact, not merely policy announcements.