[ad_1]
Jakarta, CNN Indonesia –
world Bank (World Bank) states that Indonesia is among the top 10 countries with debt the largest abroad (ULN) in low- and middle-income countries. These data without entering China which are also recorded as indebted abroad.
Quoting the World Bank report titled International debt statistics 2021, Tuesday (10/13), Indonesia’s foreign debt always increases from year to year.
In detail, Indonesia’s external debt in 2009 amounted to $ 179.4 billion, in 2015 to $ 307.74 billion, in 2016 to $ 318.94 billion, in 2017 to $ 353.56 billion. of dollars, in 2018 to 379.58 billion dollars, and in 2019 it amounted to US $ 402,080 million.
Most of the debt is long-term. For example, Indonesia’s long-term external debt in 2019 was $ 354.54 billion, while its short-term debt was $ 44.79 billion.
This position places Indonesia in sixth place among low- and middle-income countries with large debts. Besides Indonesia, other low- and middle-income countries that are in the top 10 with the highest external debt are Argentina, Brazil, India, Mexico, South Africa, Thailand, Turkey and Russia.
In total, the external debt of low- and middle-income countries reached $ 8.1 trillion in 2019. The figure is 5.4 percent more than in 2018.
Most of this external debt is long-term. In detail, total long-term external debt reached $ 6 trillion or 73 percent of the total external debt of low- and middle-income countries.
Compared to 2018, the external debt position of low- and middle-income countries increased by 7%. Meanwhile, short-term foreign debt only rose 1.5 percent to $ 2.2 trillion in 2019.
[Gambas:Video CNN]The World Bank further notes that China accounted for 26 percent of the total external debt of low- and middle-income countries in 2019. Its debt volume increased by 8 percent in 2019.
China’s rise in external debt was driven by long-term debt, which rose 22 percent to $ 909 billion in 2019. In contrast, China’s short-term foreign debt fell 1 percent to 14 billion dollars last year.
Foreign investment
Meanwhile, the flow of foreign investment (foreign direct investment) to the East Asia and the Pacific region, down 24 percent to $ 186 billion in 2019. The most severe decline was in China, which reached 29 percent to $ 131 billion.
“The drop was driven in part by trade tensions,” the World Bank wrote in its report.
On the other hand, foreign investment in Indonesia actually increased 24 percent to $ 25 billion. Most investors invest in the manufacturing, mining and financial services sectors.
Other countries, such as Thailand and Vietnam, are facing the same fate as China, where the amount of direct investment in 2019 has decreased. The details, direct investment in Thailand fell 50 percent to $ 6.8 billion and Vietnam fell 14 percent to $ 12 billion.
(aud / agt)
[ad_2]
