JAKARTA – Indonesia's Foreign Debt (ULN) increased by 3.99% year-on-year (yoy), from USD 408.52 billion in December 2023 to USD 424.84 billion in December 2024.

Looking back further, Indonesia’s foreign debt has surged by 59.65% from USD 266.10 billion recorded at the end of December 2013.

According to data from Bank Indonesia (BI) quoted on Tuesday (18/2), foreign debt as of December 2024 consisted of government and central bank debt amounting to USD 230.74 billion, financial institutions at USD 194.10 billion, and non-financial institutions at USD 156.13 billion.

In comparison, in December 2023, foreign debt from the government and central bank amounted to USD 210.07 billion, financial institutions at USD 198.45 billion, and non-financial institutions at USD 159.49 billion.

Meanwhile, based on creditors, as of December 2024, lending countries contributed USD 202.50 billion, followed by international organisations at USD 45.39 billion, and others at USD 176.95 billion.

The five largest creditor countries were Singapore, which provided USD 57.10 billion, followed by the United States at USD 27.02 billion, China at USD 22.87 billion, Japan at USD 21.01 billion, and Hong Kong at USD 18.5 billion.

In terms of international organisations, the five largest creditors were the International Bank for Reconstruction and Development (IBRD), which provided USD 21.17 billion, followed by the Asian Development Bank (ADB) at USD 11.18 billion, the International Monetary Fund (IMF) at USD 8.39 billion, the Inter-American Development Bank (IDB) at USD 1.39 billion, and the International Fund for Agricultural Development (IFAD) at USD 289 million. (LK/ZH)