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Indonesia’s foreign debts hit 408.6 bln USD

Indonesia’s foreign debts in the second quarter of 2020 were recorded at 408.6 billion USD, consisting of debts of the public and private sectors, according to the Bank of Indonesia (BI).
Indonesia’s foreign debts hit 408.6 bln USD ảnh 1Rupiah banknotes (Photo: Shutterstock.com)

Jakarta (VNA) - Indonesia’s foreign debts in the second quarter of 2020 wererecorded at 408.6 billion USD, consisting of debts of the public and private sectors, according to the Bank of Indonesia (BI).

The country’s public foreign debt by the end of the secondquarter 2020 was recorded at 196.5 billion USD or grew by 2.1 percentyear-on-year. The hike in the public foreign debt was in line with the issuanceof the Global Sukuk (Islamic bonds) to meet the payment target.

Meanwhile, the private sector’s debt grew by 8.2 percent to209.3 billion USD.

Indonesia's Ministryof Finance recently said that the country had raised  2.5 billion USD from the Global Sukuk bondissuance to support the fight against COVID in June.

Indonesia's economy shrank5.32 percent in the second quarter of 2020, thesteepest decline since 1999, due to the impact of the COVID-19 crisis. The Indonesiangovernment expects the country's economy to contract by 0.4 percent or grow 1percent this year./.

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