Indonesia Remains an Emerging Market, MSCI Values Capital Market Reforms on Rig

RRI.CO.ID, Jakarta - The Financial Services Authority (OJK) welcomed Morgan Stanley Capital International (MSCI) decision to maintain Indonesia's status in the Emerging Markets category in the MSCI 2026 Market Classification Review released on June 24, 2026. The decision is considered to reflect global investors' confidence in the resilience of the national economy as well as recognition of the various reforms being implemented in Indonesia's capital market.

Chairperson of the OJK Board of Commissioners, Friderica Widyasari Dewi, stated that the MSCI decision reflects international investors' confidence in the stability of Indonesia's financial services sector and ongoing efforts to strengthen transparency, integrity, and the competitiveness of the national capital market.

"We also note MSCI's recognition of various steps taken to reform the integrity of the capital market. The areas that still require attention are part of a constructive evaluation process and will continue to be followed up with all stakeholders," Friderica said in her statement in Jakarta, Wednesday, June 24, 2026.

Previously, on June 19, 2026, MSCI also released the Global Market Accessibility Review 2026, which ranked Indonesia's market accessibility as one of the best among Emerging Markets in the Asia-Pacific region.

The Executive Head of the Capital Market, Derivative Financial, and Carbon Exchange Supervisory Agency, OJK, Hasan Fawzi, stated that the assessment results demonstrate the recognition of global index institutions toward the Indonesian capital market reform agenda, which has been implemented by OJK in collaboration with Self-Regulatory Organizations (SRO) and all stakeholders since early 2026.

Hasan further siad MSCI maintained not only Indonesia's status as an Emerging Market but also gave a positive assessment of the various reform steps being implemented.

"MSCI not only maintained Indonesia's status as an Emerging Market but also acknowledged that the various reform steps we have taken and are currently implementing are on the right track. This is reflected in the assessment results of Indonesia's maintained market accessibility," Hasan said.

He added that the recognition serves as an important asset to strengthen the foundation of transparency, integrity, and governance of the Indonesian capital market. However, the OJK still sees room for improvement that needs to be followed up constructively.

Therefore, the OJK is committed to continuously strengthening communication with global index providers, international investors, and various stakeholders to enhance the credibility and attractiveness of Indonesian capital market investments.