Indonesia's Market Accessibility Remains Strong: Minister Airlangga

Coordinating Minister for Economic Affairs Airlangga Hartarto affirmed Indonesia's robust economic fundamentals and market accessibility following the MSCI 2026 Market Classification Review. The review maintained Indonesia's Emerging Market status, a decision Hartarto described as a testament to the nation's economic strength and the government's reform efforts.

"The government appreciates MSCI's input as part of our joint efforts to improve the quality of the capital market," Hartarto stated in a written release on Wednesday, June 24, 2026. He emphasized the government's commitment to consistently implementing reforms to enhance market transparency, integrity, and investor trust. This consistent implementation, coupled with strong economic fundamentals and macroeconomic stability, is expected to bolster Indonesia's appeal as a prime investment destination in the region.

The MSCI review, announced on June 23, 2026, did not reclassify Indonesia or initiate consultations for a move from Emerging Market (EM) to Frontier Market. Hartarto interpreted this as confirmation that Indonesia's capital market meets the primary characteristics of a developing market and remains a global investment target. He noted that while the status quo reflects confidence in Indonesia's economy, MSCI's observations provide constructive feedback for strengthening national capital market governance.

Amid global economic and financial market uncertainties, Hartarto viewed the outcome positively and proportionally. He highlighted that maintaining Emerging Market status signifies that Indonesia's market accessibility is generally preserved. The government also noted MSCI's assessment that Indonesia's reform measures are on the right track, with the emphasis on consistent implementation and sustainable impact, rather than mere policy announcements.