Finance Minister Purbaya Reassures Global Investors on Indonesia's Fiscal Resilience

Jakarta (ANTARA) - Finance Minister Purbaya Yudhi Sadewa reassured global investors about Indonesia’s macroeconomic fundamentals and fiscal strategy during meetings in New York and Washington DC, United States. “Essentially, we explained our economic conditions and future fiscal strategy, so they are confident that our fiscal policies and actions are heading in the right direction,” Purbaya said in a written statement in Jakarta on Tuesday. Several investors present included HSBC Global Asset Management, Lazard AM, BlackRock, Lord Abbett, and TD Asset Management. The Finance Minister noted that these global investors are interested in placing capital in Indonesia but want to confirm the current conditions regarding investment comfort. “So they (the investors) are not doubtful, but they have heard noise that our fiscal situation is problematic, and they are ensuring that it is not true,” he said. Purbaya also received positive feedback suggesting that the Indonesian government should improve communication with US investors, given that Indonesia’s macroeconomic foundations are considered very strong. The state treasurer also conveyed that the investors have confidence that Indonesia’s fiscal policy direction is moving correctly. According to him, the investors believe that the assessments by international rating agencies are premature. To convince investors to place capital domestically, the Finance Minister explained that the economy must continue to grow in line with the targets in the State Revenue and Expenditure Budget (APBN). In this context, economic growth in Q1 2026 is projected to be around 5.5 percent. If strong growth continues into Q2, Purbaya is confident that investors will be more assured to increase their investments in Indonesia. “So we are focused on ensuring that our policies are correct and their implementation aligns with the design we have made,” he stated.