IMF Staff Country Reports

This Technical Assistance report on Indonesia presents summary and recommendations from the Financial Soundness Indicators (FSI) mission. The mission reviewed and made recommendations aligning the FSIs currently compiled by the Indonesia Financial Services Authority—Otoritas Jasa Keuangan (OJK) to assess consistency with the methodology of the 2019 FSIs Guide. A timeframe for reporting FSI data and metadata to the IMF was discussed and agreed on with OJK officials. The 2019 FSIs Guide recommends that deposit takers’ data be compiled on a cross-border, cross-sector, domestically incorporated consolidation basis. The report recommends to compile FSIs using cross-border, cross-sector, domestically incorporated consolidation basis. Another detailed recommendation is that in coordination with the Bank Indonesia, identify the source of the abrupt data change in the supervisory deductions data and update the historical series, as necessary. It is also imperative to compile residential real estate and commercial real estate loans memorandum series in line with the definitions provided in the 2019 FSIs Guide.