Indonesia fully settles debt linked to 1997-1998 financial crisis
Finance Minister Suahasil Nazara said on Sunday that government debt obligations arising from securities issued to ...
Finance Minister Suahasil Nazara announced that Indonesia had fully repaid the debt securities issued during the 1997-1998 Bank Indonesia Liquidity Assistance (BLBI) crisis in August 2026. This achievement was made possible by utilizing a surplus from Bank Indonesia (BI) that was deposited into the State Treasury, as detailed in an official statement broadcast on the Finance Ministry's YouTube channel on September 20, 2026, according to Antara.
The central bank's surplus was identified during the audit of the 2025 financial year. Consequently, the Ministry of Finance received revenue from Separated State Wealth (KND) totaling Rp58 trillion, which was used to settle the Indonesian debt securities. Suahasil emphasized that these state debt securities were specifically allocated to clear the obligations resulting from the 1997-1998 financial bailout.
This marks the final clearance of BLBI-related debt securities, following the earlier redemption of recapitalization bonds completed in July 2020.
Written by urgent.news from Tempo.co English's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
