Bank Indonesia Purchases $13 Billion in Bonds to Fund Government’s Asta Cita Program
In a significant show of fiscal support, Bank Indonesia bond purchase Asta Cita has emerged as one of the most substantial monetary actions this year. The central bank has confirmed its purchase of IDR 200 trillion (approximately USD 13 billion) in government bonds (SBN) to finance President Joko Widodo’s flagship Asta Cita national development agenda….