Key facts
- Indonesian Finance Minister Purbaya Yudhi Sadewa defended the country's economic track record.
- He pointed to inflows into the debt market as proof of investor optimism.
- The defense comes amid a slump in the rupiah and stocks.
- Sadewa stated he would remain in his position.
Indonesian Finance Minister Purbaya Yudhi Sadewa has publicly defended his country's economic performance, addressing recent market downturns. He highlighted positive inflows into Indonesia's debt market as a key indicator that investors remain optimistic about the nation's economic prospects, despite a concurrent slump observed in the Indonesian rupiah and the stock market. Sadewa also stated he would not resign from his position. This defense aims to counter negative sentiment and reassure market participants.