President Prabowo Subianto of Indonesia has received advice and recommendations from the National Economic Council (DEN) concerning the recent announcement by MSCI. MSCI has proposed reclassifying the Indonesia stock market from an emerging market. The details of the advice given by the DEN regarding this proposed reclassification were presented to President Prabowo in Jakarta. This potential change could have significant implications for investor confidence and the flow of capital into Indonesia’s financial markets. The Indonesian government is now expected to consider the DEN’s recommendations as it formulates a response to MSCI. Further discussions and analysis will be necessary to assess the potential impact of the reclassification and to develop strategies to mitigate any negative consequences and capitalize on potential opportunities. The situation is being closely monitored by stakeholders in Jakarta and across Indonesia.

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