CHINA’S BELT AND ROAD INITIATIVE AND INDONESIA’S FINANCIAL SECURITY
Bank OCBC NISP, Jakarta. Wikimedia Commons
By Shah Suraj Bharat
The Jakarta Post-Oct 1, 2018
Indonesia has been a reluctant participant in China’s Belt and Road Initiative (BRI), but as the country’s financial insecurity becomes increasingly apparent we can expect to see greater interest in the BRI. Indeed, financial insecurity is especially pertinent given the country’s recent economic woes. The rupiah is among the world’s worst performing currencies, down almost 9 percent this year despite the country’s good macroeconomic fundamentals.
First published in: The Jakarta Post