Indonesia Set to Issue IDR 450 Trillion in ”Pandemic Securities”

In an attempt to revive the economy impacted by the Covid-19 pandemic and to address the country’s health crisis, the Government of Indonesia (Government) will be raising nearly IDR 450 trillion in ”Pandemic Securities”. This requirement comes in the wake of a decline in demand for Government bonds, as foreign investors have pulled out of the tradable Government bonds market, in the wake of the on-going COVID-19 pandemic.

The Government will also raise its bond sales target by IDR 160.2 trillion to IDR 549.6 trillion in order to counter the widening budget deficit, which is expected to reach 5.07% of gross domestic product (GDP), according to the MOF.

Indonesia&rsqu...