JAKARTA, Jan. 17 (Xinhua) -- Indonesia's foreign debt in November 2021 was recorded at 416.4 billion U.S. dollars, down from the previous month's 422.3 billion dollars, the country's central bank Bank Indonesia (BI) said Monday.
Of the 416.4 billion dollars, the government's foreign debt was recorded at 202.2 billion dollars, the private sector's debt was 205.2 billion dollars and the central bank's debt was 9 billion dollars, said BI's Head of the Communication Department Erwin Haryono.
"The government's foreign debt contracted 0.7 percent year-on-year (yoy) after growing 2.5 percent yoy in the previous month," said Haryono.
The contraction occurred mainly due to the adjustment of foreign capital flows in the state securities market when global sentiment pushed back the upward trend in U.S. Treasury yields following the Federal Open Market Committee (FOMC) meeting, Haryono added.
In November 2021, the country signed loans from multilateral institutions to support the handling of the coronavirus pandemic.
Meanwhile, the private external debt contracted 2 percent year on year in November 2021, deeper than the previous month's 1 percent year on year, as the financial and non-financial corporations' debts contracted by 5.4 percent and 1 percent respectively year on year.
Bank Indonesia views the foreign debt structure as healthy and controllable, as 89 percent of it is long-term foreign debt and has a ratio of 35.5 percent to its gross domestic product.