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Jakarta Post

BI shrugs off geopolitical risks, citing strong capital inflows

  • The Jakarta Post

Jakarta   /   Wed, January 15 2020   /  02:01 am

Heightened geopolitical risks as a result of trade conflicts among major countries and tensions between the United States and China will not affect the flow of foreign funds into Indonesia, Bank Indonesia’s (BI) top official has said.BI Governor Perry Warjiyo said geopolitical risks would have little impact on the Indonesian economy, especially the flow of investments, even though global stocks had been under selling pressure following the recent killing of an Iranian general.He said although share prices in Asian markets declined following the incident, the flow of foreign investment into Indonesia’s debt and equity markets remained high.The year 2020 is projected to be marked by a series of events that could disrupt world balance. The trade war between the US and China may fragment the global economy; an erosion of alliances and global leadership may lead to increased geopolitical ...