Indonesia's foreign debt rises to US$416.3 billion in February

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Up from US$413.6 billion in the previous month.

Of the February figure, US$201.1 billion were the government debt, US$8.9 billion were the central bank debt, and 206.3 billion U.S. dollars were the private debt, head of Bank Indonesia's Communications Department Erwin Haryono said.

The government's external debt in February was higher than the previous month which was only US$199.3 billion, as foreign loans came from the International Bank for Reconstruction and Development and the Asian Development Bank , as well as the entry of foreign investors into the state securities market.

"The withdrawal of foreign debt in February was mainly to support the government's priority spending, including the handling of Covid-19 and the national economic recovery program," said Haryono. The private external debt edged up from US$205.3 billion in January to US$206.3 billion in February with 75.6 percent long-term tenors.

The Bank Indonesia said the structure of foreign debt remains under control with the principle of prudence in its management. - Xinhua

 

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