Jakarta - Bank Indonesia noted that Indonesia's External Debt in July 2021 grew at a slower rate of 1.7% (YoY) or US$415.7 billion, lower than the growth in the previous month of 2.0% (YoY).

"This development is mainly due to the slowdown in the growth of the Government's external debt," said Head of the BI Communications Department Erwin Haryono in his statement, Wednesday (15/9).

According to Erwin, the government's external debt position in July 2021 reached US$205.9 billion or grew 3.5% (YoY), slowing compared to June 2021 growth of 4.3% (YoY).

This development was due to the decline in the position of domestic Government Securities and net payments of bilateral loans amid the withdrawal of foreign loans to support the handling of the impact of the COVID-19 pandemic while maintaining the government's credibility in managing external debt through repayment of maturing loan principals.

Following the financing strate