Bank Indonesia (BI) recorded Indonesia’s external debt position (EDP) has decreased by around US$200 billion by the end of April 2023 compared to the previous month’s US$403.1 billion.Â
Indonesia’s EDP in April 2023 experienced a year-on-year contraction of 1.3 percent, continuing the contraction of 1.8 percent from the previous month.
The Head of Bank Indonesia’s Communication Department Erwin Haryono stated that Indonesia’s EDP remained healthy until the end of April 2023, supported by the cautious principles applied in its management.
“Indonesia’s EDP in April 2023 remained under control, reflected in the ratio of Indonesia’s EDP to Gross Domestic Product [GDP], which decreased to 29.8 percent compared to the ratio of 30.1 percent in the previous month,” Erwin said in an official statement on Monday (19/6).
Major lending nations to Indonesia
According to the Statistical Data of Indonesia’s External Debt (SULNI) edition of June 2023, Singapore was the largest lender to Indonesia, providing loans amounting to US$57.43 billion.
The second-largest lender was the United States, with a total loan to Indonesia of US$31.66 billion. The third-largest lender was Japan, with a loan amounting to US$23.59 billion.
Meanwhile, the fourth and fifth largest lenders were China and Hong Kong, with loans amounting to US$20.42 billion and US$17.71 billion, respectively.
Here is the current list of the top lending countries to Indonesia:
Lenders to Indonesia as of April 2023 | ||
| No | Country | Total Debt |
| 1. | Singapore | US$57.43 billion |
| 2. | United States (US) | US$31.67 billion |
| 3. | Japan | US$23.58 billion |
| 4. | China | US$20.42 billion |
| 5. | Hong Kong | US$17.71 billion |
| 6. | Other Asia countries | US$10.36 billion |
| 7. | South Korea | US$6.58 billion |
| 8. | Germany | US$5.23 billion |
| 9. | Netherlands | US$4.83 billion |
| 10. | France | US$4.09 billion |
