GLOBAL FINANCE

Indonesia's economic trajectory over the next three years will be defined by its ability to project financial credibility, attract investment, and maintain sovereign stability. This initiative establishes the strategic and institutional architecture to achieve that — anchored by a dedicated economic task force with a clear mandate: ensure Indonesia's sovereign credit rating reflects the country's true economic strength, not perception gaps or communication failures. The task force maintains continuous, proactive engagement with all major international rating agencies — Fitch, Moody's, S&P, DBRS, and others — tracking every outstanding request, completing every requirement, and publishing that compliance publicly. The strategy is a checkmate: when every requested action is demonstrably done and visible, there is no basis for a negative rating action. The three-year economic plan provides the broader framework within which liquidity release, subsidy reform, revenue digitization, and cooperative development all operate as a coherent, coordinated programme — not isolated initiatives.

All ministers, their deputies, all provincial governors, and all SOE heads are convening on Wednesday for a full-day session on the Indonesia Three-Year Work Plan. This national coordination session aligns every arm of government behind the economic programme and sets the execution framework for the full three-year horizon. An economic coordination task force is being established with a dedicated mandate for continuous engagement with MSCI and all major international credit rating agencies — Fitch, Moody's, S&P, DBRS, and others. The task force will track every outstanding request from each agency, ensure proactive completion, and publish compliance records publicly. The strategy is one of absolute transparency: when every requested action is demonstrably completed and visible, there is no basis for a negative rating action. The economic task force operates as the central coordination body for Indonesia's macroeconomic strategy. Its primary responsibilities are: (1) Sovereign credit defence — maintaining a live compliance tracker against all outstanding rating agency requests, ensuring proactive communication, and publishing completion status publicly so that Indonesia's rating trajectory is driven by facts rather than perception. (2) Three-year economic plan coordination — aligning the liquidity release, subsidy reform, tax revenue digitization, and cooperative marketplace initiatives into a single coherent economic narrative for domestic and international audiences. (3) Investor relations — ensuring that foreign and domestic investors have a consistent, credible view of Indonesia's economic direction, supported by transparent data and regular engagement. The task force is at ideation stage pending formation and mandate. Once constituted, it becomes the institutional home for Indonesia's macroeconomic credibility programme.