World Bank and rating agencies back Prabowo's fiscal strategy: Minister

Purbaya said the positive assessment came after a series of international engagements, including talks with senior World Bank officials and representatives from rating agencies such as S&P Global Ratings.

“The World Bank and rating agencies were very satisfied with our explanation. Doubts about our ability to maintain sound fiscal policy while achieving strong growth appear to have diminished,” he said in a statement on Wednesday.

He added that the World Bank expressed interest in deepening cooperation with Indonesia, particularly in long-term development, poverty alleviation, and financing strategic projects across developing countries.

During the visit, Purbaya also met 18 major investors, including Goldman Sachs and Fidelity Investments, who raised questions about Indonesia’s ability to accelerate economic growth while maintaining fiscal discipline.

In response, he reaffirmed the government’s commitment to balancing growth with sustainable state budget (APBN) management amid ongoing global uncertainty.

“They welcomed our approach to achieving faster economic growth without compromising fiscal prudence,” he said.

Purbaya noted that global investors, particularly from the United States, showed interest in Indonesia’s financial instruments, including fixed income and equity markets.

He added that most inflows are expected to be portfolio investments rather than foreign direct investment (FDI), but expressed optimism that capital inflows will materialize soon and support Indonesia’s capital market development.

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Translator: Imamatul Silfia, Martha Herlinawati Simanjuntak