Purbaya Explains Indonesia's Economic Conditions to US Investors

Finance Minister Purbaya Yudhi Sadewa provided explanations to potential investors in the United States to convince them of Indonesia’s macroeconomic conditions and the government’s cash management strategies. These explanations were delivered through a series of meetings with investors in New York and Washington DC. Purbaya explained the current conditions to several major US investors. “Essentially, we explained our economic conditions and future fiscal strategies, so they are confident that our fiscal movements or policies are on the right track,” he said at the Peninsula Hotel in New York, via an official statement sent on Tuesday, 14 April 2026. Several US investors who met with the Finance Minister on Monday, 13 April in New York included HSBC Global Asset Management, Lazard AM, Blackrock, Lord Abbett, and TD Asset Management. According to Purbaya, the investors intend to invest in Indonesia. Therefore, he felt the need to provide some explanations to those investors to ensure their doubts about Indonesia could be eliminated. Purbaya explained that investors from the US are not doubtful about the fundamental macroeconomic policies designed by the government. However, they want to confirm the current conditions regarding the comfort of investing. “So they (the investors) are not doubtful, but they hear there is noise that our fiscal is problematic, they are confirming that it is not true,” said Purbaya. Purbaya is quite confident that the investors can accept his explanations about Indonesia’s fundamental conditions. “They can wholeheartedly accept what we explained is in accordance with economic theories,” he said. The state treasurer also received positive input that the Indonesian government should improve communication with US investors. Purbaya also claimed that the investors believe that international rating agencies were too quick to make changes to Indonesia’s ratings. Such as giving a negative outlook, whereas, he said, the changes were made when the latest economic data was not yet complete. He also explained the government’s strategy to make investors confident in investing in Indonesia, namely that economic growth must be in line with the state budget targets. “So we focus on ensuring that our policies are correct, and their implementation is in accordance with the design we made,” said Purbaya.