Indonesia's largest multilateral external debt is owed to the International Bank for Reconstruction and Development (IBRD). As of September 2016, IBRD loans totaled US$15.6 billion, representing 50 percent of Indonesia's total borrowing from international organizations. The next largest multilateral debt is owed to the Asian Development Bank (ADB), amounting to US$9 billion. The third largest lender is the International Monetary Fund (IMF), with a debt of US$2 billion.
In total, Indonesia's external debt to international institutions reached US$30 billion. Multilateral loans constitute 9.2 percent of Indonesia's total debt. Specifically regarding the IMF, the debt figure represents Indonesia's capital subscription in the form of Special Drawing Rights (SDRs). According to accounting standards, this capital subscription is treated as a debt or external liability to be borne by Bank Indonesia. Therefore, in reality, Indonesia does not have any outstanding debt to this international monetary institution.
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