Investor Presentaiton
Highlight of the Month
What's New
Economic Recovery
Program and Its Updates
...page 5-6
Fiscal & Financing Policy Update
...page 84-103
Bank Indonesia
Board of Meeting Decision
...page 107
Prudent Pandemic Management
and Continued Economic Recovery
Big but measured steps
including a strong
vaccination program
Synergy between
institutions nationwide
Responsive and flexible
Government Budget
Resilient economic
performance
Continued National economic
recovery momentum, reflected by
5.31% (yoy) economic growth in
2022, endured on the back of
stronger domestic demand and
persistently solid exports.
Affirmation of Investment Grade
Sovereign Credit Rating
Rating
Agencies
Fitch Ratings
MOODY'S
Rating (Outlook)
S&P Global
BBB (Stable)
Baa2 (Stable)
BBB (Stable)
Sources: Fitch, Moody's, S&P
Investment grade ratings affirmed by Fitch on
December 14, 2022 recognizing macro stability
and optimism on the growth prospect, as well
as policy credibility in handling COVID-19
pandemic. Moody's has also emphasized in
their Annual Credit Analysis by Moody's at 1st
of March 2023 that Indonesia's GDP growth has
returned close to its 2010-2019 pre-pandemic
average of around 5%, driven by robust private
consumption and investment, as well as strong
commodity price. Meanwhile, the stable
outlook that reflects the expectation that
reform implementation will continue at a
steady, gradual pace.
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