Indonesia steps up market reforms to avert MSCI downgrade

When global index provider MSCI warned in January that Indonesia risked being demoted from emerging to frontier market status, it unleashed a wave of volatility, sell-offs and wild trading swings.Six months on, Jakarta’s investment chief argues the real story is not about whether the country can earn investors’ trust.“For Indonesia, this is not about short-term market status,” Investment Minister Rosan Roeslani told This Week in Asia in written replies to questions. “It is about building a deeper, more credible, and more investible capital market.”