Indonesia is not out of the woods yet and risks remain, even though its external debts have shown a downward trend in the third quarter this year, as shown by the latest statistics by Bank Indonesia (BI). According to an external debt report published by BI on Wednesday, the total amount of offshore loans fell to US$302.41 billion by the end of September from the $304.51 billion posted at the end of June. The decline was triggered by lower debts from both the public and private sector during the period. The public sector — consisting of the government and the central bank — recorded $134.21 billion in combined debt; 0.3 percent lower than...
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