Indonesia's COVID-19 Vaccination and Economic Resilience Strategy

Global Regional Bilateral Ample Lines of Defense Against External Shocks Ample Reserves Swap Arrangement FX Reserve • Ample level of FX reserves to buffer against external shock • FX Reserves as of of November 2022: US$134.0 bn Japan Singapore China Malaysia Renewed a 3 year USD22.76 billion swap line with Japan on October 14th, 2021 ● The facility is available in USD and JPY Renewed a 1 year SGD/IDR swap arrangement with the size up to SGD 9.5 bn / IDR 1000 tn (equivalent) in November 2022 . Renewed a 3 year swap arrangement and increased the size of swap line up to CNY 250 bn / IDR 550 tn (equiv.) in January 2022 Established a 3 year RM/IDR swap arrangement with a size up to RM 8 billion / IDR 28 trillion (equiv.) in October 2022 Chiang Mai • Initiative Multilateralization (CMIM) Agreement • Came into effect in 2010 with a pool of US$120 bn • Doubled to US$240 bn effective July 2014 Source: Bank Indonesia Entitled to a maximum swap amount of US$ 22.76 bn under the ASEAN+3 (Japan, China, and Korea) FX reserves pool created under the agreement IMF Global Financial Safety Net - GSFN Indonesia is entitled to access IMF facilities for crisis prevention to address potential (actual) BOP problem Such facilities include Flexible Credit Line (FCL) and Precautionary and Liquidity Line (PLL) 78

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