Seven Demands from Indonesian Economists After Moody's Downgrade

Tempo

Feb 13

TEMPO.CO, Jakarta - University of Paramadina economist Wijayanto Samirin believes the government needs to listen to domestic economic analysts' criticisms. This is especially true after Moody's ...

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For example, Moody's notes are very similar to the content of the 7 demands put forward by the Indonesian Economic Alliance,\" he told Tempo on Friday, February 13, 2026.The downgrade of Indonesia's outlook by Moody's came after Morgan Stanley Capital International  warned Indonesia of the suspension of stock rebalancing. Wijayanto stated that assessments by global rating agencies are crucial as they serve as a reference for investors.","collect":0,"end_time":0,"defaultTopTitle":"tempo.co","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0289960550.SGD":"AB FCP I - GLOBAL EQUITY BLEND PORTFOLIO 'A' (SGD) ACC","IE00BKPKM429.USD":"NEUBERGER BERMAN GLOBAL SUSTAINABLE EQUITY \"A\" (USD) ACC","BK4588":"碎股","MBG":"SPDR Bloomberg Barclays Mortgage Backed Bond ETF","MBG.AU":"MB Gold Limited","BK4112":"金融交易所和数据","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","LU2095319765.USD":"Natixis Thematics Subscription Economy R/A USD","LU0511384066.AUD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (AUDHDG) ACC","LU0320765059.SGD":"FTIF - Franklin US Opportunities A Acc SGD","MSCI":"MSCI Inc","LU2210150020.SGD":"Natixis Thematics Subscription Economy R/A SGD","LU0672654240.SGD":"FTIF - Franklin US Opportunities A Acc SGD-H1","LU1691799644.USD":"Amundi Funds Polen Capital Global Growth A2 (C) USD","LU2210149790.SGD":"Natixis Thematics Subscription Economy R/A SGD-H","LU0289961442.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"AX\" (SGD) ACC","LU1267930730.SGD":"富兰克林美国机遇基金AS Acc SGD (CPF)","LU0109391861.USD":"富兰克林美国机遇基金A Acc","LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC","BK4585":"ETF&股票定投概念","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","LU0289739343.SGD":"SUSTAINABLE GLOBAL THEMATIC PORTFOLIO \"A\" (SGD) ACC","LU2265009873.SGD":"Eastspring Investments - Global Growth Equity AS SGD-H"},"translate_title":"穆迪下调评级后印尼经济学家的七项要求","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MBG":1,"MBG.AU":1,"MSCI":1},"content_text":"TEMPO.CO, Jakarta - University of Paramadina economist Wijayanto Samirin believes the government needs to listen to domestic economic analysts' criticisms. This is especially true after Moody's downgraded Indonesia's debt rating outlook from stable to negative.According to Wijayanto, the concerns raised by Moody's have long been articulated by domestic economists. \"Unfortunately, they have not been adequately addressed by the government. For example, Moody's notes are very similar to the content of the 7 demands put forward by the Indonesian Economic Alliance,\" he told Tempo on Friday, February 13, 2026.\nThe downgrade of Indonesia's outlook by Moody's came after Morgan Stanley Capital International (MSCI) warned Indonesia of the suspension of stock rebalancing. Wijayanto stated that assessments by global rating agencies are crucial as they serve as a reference for investors.\n\n\n\n\n\n\n\n\n\nHe hopes the government will listen to the criticisms of domestic economists. \"In essence, moving forward, the government needs to listen more to feedback from our observers or economists. Constructive criticism is the vitamin that keeps our economy healthy,\" he said.Moody's conveyed the correction to Indonesia's rating outlook through an official release on February 5, 2026. This prospect has degraded due to uncertainty in policymaking and fiscal pressure resulting from the expansion of programs such as the free nutritious meal (MBG) program.The Indonesian Economic Alliance also expressed similar concerns through the 7 Urgent Demands presented during their meeting with Coordinating Minister for the Economy Airlangga Hartarto in September 2025. They reiterated their demands on January 20, 2026.One of their points is urging the government to comprehensively address budget misallocation and place the budget on policies and programs in a reasonable and proportional manner. They also highlighted populist programs such as MBG and the presence of Danantara.Here is the content of the Seven Urgent Economic Demands by the Indonesian Economic Alliance:1. Comprehensively address budget misallocation and place the budget on policies and programs in a reasonable and proportional manner.2. Restore the independence, transparency, and ensure there is no intervention based on the interests of certain parties in various state institutions (Bank Indonesia, Statistics Indonesia, House of Representatives, Supreme Court, Constitutional Court, Corruption Eradication Commission, Audit Board, Prosecutor's Office), and restore state institutions to their dignity and function as they should be.3. Stop the dominance of the state that risks weakening local economic activities, including the involvement of Danantara, state-owned enterprises, the TNI, and the National Police as dominant organizers, thus making the market uncompetitive and capable of displacing local employment, the MSME ecosystem, the private sector, and the social capital of the community.4. Deregulate policies, permits, licenses, and simplify bureaucracy that impedes the creation of a conducive business and investment environment.5. Prioritize policies that address inequality in various dimensions.6. Return to evidence-based policy and technocratic processes in policy making and eradicate populist programs that disrupt fiscal stability and prudence (such as Free Nutritious Meals, Red and White Village Cooperatives, People's Schools, downstreaming, energy subsidies and compensations, and Danantara).7. Improve the quality of institutions, build public trust, and improve governance, state organizers, and democracy, including eradicating conflicts of interest and rent-seeking.Read: Indonesia's IHSG Closes Lower at 8,265 on WednesdayClick here to get the latest news updates from Tempo on Google News","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}