BI: Investments to Bali reached Rp28.1 trillion in 2024

Advisor to the Bank Indonesia (BI) Representative Office Bali Province Indra Gunawan Sutarto revealed during the Balinomics event at the BI Bali Representative Office on Feb. 25, 2025, that realized investments to Bali reached Rp28.1 trillion in 2024, exceeding the Rp16.23 trillion target. He divulged that foreign direct investments to Bali were directed to the hotel, restaurant, industrial area, and office sectors, adding that the main investors to Bali came from France and Russia.

"In order to strengthen sustainable economic growth, efforts to continue to encourage diversification of investment sources by attracting investors from the United Arab Emirates, India, and other countries need to be made," said Indra in a written statement, Wednesday (26/2/2025).

Indra explained that these efforts are in line with government policies in carrying out downstreaming and increasing investment attractiveness in strategic sectors. BI, he said, is trying to maintain Bali's economic stability with various strategic steps. Including in fulfilling the need for rupiah currency ahead of the national religious holiday period.

"This effort is realized through the provision of optimal cash services, education to the public about love, pride, understanding of the rupiah. As well as the even distribution of money to maintain the smoothness of economic transactions in Bali," he said.

On that occasion, Indra also explained the impact of the United States (US) protectionist policy on the domestic economy. According to him, the uncertainty of the global financial market remains high due to the dynamics of the US policy.

He said that the US protectionist policy also had an impact on the appreciation of the US dollar and reduced capital flows to developing countries, including Indonesia. Indra explained that BI continues to strengthen its pro-market monetary operations strategy in order to attract more foreign portfolio investment and maintain the stability of the rupiah exchange rate.

"Amid global challenges, the rupiah exchange rate remains stable. Supported by the stabilization policy implemented by Bank Indonesia and the continued flow of foreign capital to domestic financial instruments," said Indra.

"Optimizing financial instruments such as Bank Indonesia Rupiah Securities (SRBI), Bank Indonesia Foreign Currency Securities (SVBI), and Bank Indonesia Foreign Currency Debt Securities (SUVBI) is a strategic step to increase the attractiveness of the domestic financial market," he concluded.