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The online legal responsibility of Indonesia’s IIP in 2020 was US$280 billion, or 26.4 p.c of the GDP.
The decline within the web legal responsibility of IIP in 2021 was fueled by an increase in overseas monetary belongings (AFLN), which surpassed a rise in overseas monetary liabilities (KFLN), government director /chief of BI’s communication division, Erwin Haryono, stated in a press release launched on Friday.
In 2021, AFLN rose US$26.5 billion, or 6.6 p.c (year-on-year/yoy), fueled by different funding belongings and overseas trade reserves, whereas KFLN elevated US$25.1 billion or 3.7 p.c (yoy), pushed by direct funding and portfolio funding liabilities.
Therefore, the online legal responsibility of Indonesia’s IIP rose to US$278.6 billion or 23.5 p.c of the GDP within the fourth quarter of 2021 from US$277.3 billion or 24.2 p.c of the GDP within the third quarter of 2021.
He attributed the rise within the web legal responsibility of IIP within the fourth quarter of 2021 to the rise within the KFLN place and the decline within the AFLN place
The KFLN place within the fourth quarter of 2021 grew 0.1 p.c to US$709.6 billion in comparison with US$709.2 billion within the third quarter of 2021.
The rise was fueled by direct funding inflows within the type of equities together with investor optimism in regards to the prospects for home financial restoration, amongst others.
As well as, it resulted from the optimistic revaluation of home monetary devices influenced by the enhancing efficiency of shares and the appreciation of the rupiah’s trade charge towards the US greenback.
In the meantime, the AFLN place within the fourth quarter of 2021 fell 0.2 p.c to US$431 billion from US$431.9 billion within the earlier quarter.
The drop in different funding belongings was attributable to the withdrawal of the home non-public sector’s financial savings in abroad banks together with funding wants for financial actions and a decline in overseas trade reserves as a result of authorities debt repayments.
The decline within the AFLN place was hindered by optimistic revaluation as a result of a rise within the common share index and different asset costs within the international locations of placement.
Thus, BI stated it believes that the event of IIP within the fourth quarter of 2021 and all through 2021 remained manageable and supported exterior resilience, as mirrored by the ratio of IIP to the GDP in 2021, which confirmed a decline in comparison with 2020.
As well as, the legal responsibility of Indonesia’s IIP was 93.9 p.c dominated by long-term devices, notably within the type of direct investments.
Wanting forward, BI stated it believes Indonesia’s IIP will stay manageable because the nation strives to recuperate the economic system from the COVID-19 pandemic, supported by the coverage combine from BI, the federal government, and different related authorities.
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