FOREIGN DEBT - JAKARTA. Bank Indonesia (BI), the central bank of Indonesia, reports that private foreign debt value at the end of January 2019 jumped 10.8% annually (year on year) from USD 174.2 billion to USD 193.1 billion.
Compared with the previous month's figure, private foreign debt number also increased by 0.9% from USD 191.6 billion in December 2018.
But, in the publication of the Indonesian Foreign Debt Statistics (SULNI), BI said that private foreign debt growth slowed compared to the previous of 11.5%.
"This slowdown was mainly due to a slowdown in foreign debt in the manufacturing sector and the financial and insurance services sector," BI wrote on Friday (3/15).
By sector, the private overseas debt insurance financial services reached USD 46.4 billion and the manufacturing industry was USD 36.5 billion. The private foreign debt mining sector was USD 29.1 billion, and the electricity, gas, steam/hot water procurement sector was USD 30.97 billion.
BI said the four sectors accounted for 74% of the total private foreign debt.
