Indonesia prepares Bond Stabilization Fund amid rupiah depreciation

Doubts remain in the market whether new framework can stymie capital outflows

Indonesia hopes to stymie capital outflows by activation of its Bond Stabilization Fund. (Photo by Akira Kodaka)

JAKARTA -- Indonesia will activate a Bond Stabilization Fund next week to support the rupiah, Finance Minister Purbaya Yudhi Sadewa said during a quarterly briefing with the Financial System Stability Committee (KSSK) on Thursday.