Slowing growth, exchange rate volatility and intensifying trade tensions are among the key challenges facing Indonesia’s new government under President Prabowo Subianto.

Several policy initiatives to boost growth are also raising concerns of a strain on government finances. This includes a USD 28 billion free meal program, mega scale infrastructure buildouts including a new capital city, and a reversal in plans to increase the value added tax.

More controversially is the move to restructure its state-owned companies through Danantara. The creation of a multi-billion dollar sovereign wealth fund would give the government access to a giant pool of funds to turbocharge growth while sparking unease about governance.

How can issuers, investors and other participants prepare for and navigate these risks?

You are cordially invited to the Fitch on Indonesia 2025 conference where Fitch’s senior analysts and external specialists will discuss these issues and more.