JAKARTA – Indonesia’s foreign debts from international organisation were reported totalling USD 46.07 billion, equal to 10.84% of total foreign debts of USD 425.05 billion as of August 2024. The largest creditor was revealed to be an international financial institution, International Bank for Reconstruction and Development (IBRD).

Based on Bank Indonesia (BI) data quoted Monday (14/10), credits from IBRD reached USD 21.51 billion or 46.69% of total foreign debts owed to international organisations.

Then, it was followed by Asian Development Bank (ADB) that granted USD 15,15 billion, International Monetary Fund (IMF) of USD 8.64 billion, Inter-American Development Bank (IDB) of USD 1.27 billion, International Fund for Agricultural Development (IFAD) of USD 295 million, International Development Association (IDA) of USD 143 million, and other organisations of USD 3.01 billion.

Lastly, there were creditors from other institutions, lending USD 174.79 billion.

Meanwhile, based on the countries, five largest creditors to Indonesia were Singapore of USD 56.81 billion, the United States (US) of USD 27.39 billion, China of USD 22.95 billion, Japan of USD 22.29 billion, and Hong Kong of USD 18.81 billion.

Indonesia’s foreign debts as of August 2024 were reported spiking 2.35% month-to-month (mtm) from USD 415.25 billion in July 2024, or 7.3% year-on-year (yoy) higher from USD 394.73 billion recorded in August 2023. (LK/ZH)