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View all search resultsGlobal service providers are urging businesses in Indonesia to adopt green energy and hybrid cloud solutions but also note that the country needs to address deficiencies in regulations to support companies in adopting environmental, social and governance (ESG) standards.
The ratings are key for the government as it seeks to raise funds, primarily through the bond market, to finance its multibillion dollar economic recovery program that includes the national vaccination program.
Fitch cited a favorable medium-term growth outlook and low government debt-to-GDP ratio against high dependence on external financing among the reasons for retaining the rating, but also noted issues around low state revenue and lagging structural indicators.
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