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View all search resultsPurbaya addresses US investors in first overseas trip
The Finance Minister said in March that the waning international perception of the country might be his fault on account of global investors not knowing who he is.
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Finance Minister Purbaya Yudhi Sadewa looks on during an interview on March 3, 2026, with Reuters in Jakarta. (Reuters/Willy Kurniawan)
F
inance Minister Purbaya Yudhi Sadewa addressed a number of investment firms in New York, the United States, in his first work visit abroad since taking up the state treasury mantle in September last year.
Purbaya departed last Friday for a visit that will exceed a week, primarily to attend the 2026 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group in Washington, DC, scheduled for April 13 to 18.
Before heading to the US capital, Purbaya met and spoke about the Indonesian economy in New York with HSBC Global Asset Management, Lazard Asset Management, Blackrock, Lord Abbett and TD Asset Management.
“They intend to invest in Indonesia. So, we gave them some explanations to ensure that their doubts about Indonesia could be cleared,” Purbaya was quoted as saying in a press statement on Tuesday.
He said the meeting contained elaboration of the government’s economic and fiscal strategies in a bid to reassure the investors that “our fiscal movement or strategy is in the right direction”.
Purbaya claimed the investors had no doubts about Indonesia’s fundamental macro policy but they needed to ascertain the latest situation regarding ease of investment.
“They have no doubt, they just heard noises that our fiscal [standing] is in trouble, they want to make sure that that’s not right. [...] Because they’re smart people, they can wholeheartedly accept that what we elaborated is in keeping with economic theories,” said the minister.
