JAKARTA, Feb. 17 (Xinhua) -- Indonesia's foreign debt declined to 424.8 billion U.S. dollars in the fourth quarter of 2024, down from 428.1 billion dollars in the previous quarter, according to Bank Indonesia on Monday.

The decline "occurred in both the public and private sectors, supported by the strengthening of the U.S. dollar against most currencies, including the rupiah," said Ramdan Denny Prakoso, executive director of the communication department at the central bank.

The government's foreign debt fell to 203.1 billion dollars, driven by a decrease in the position of debt securities, despite net positive foreign capital inflows into government bonds.

Meanwhile, private foreign debt dropped to 194.1 billion dollars, down from 196.3 billion dollars in the previous quarter.

According to the central bank, Indonesia's foreign debt structure remains robust, with a ratio of 30.4 percent to gross domestic product and long-term debt accounting for 84.8 percent. Enditem

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