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               SP 119/DKPU/OJK/VI/2026

PRESS RELEASE

MSCI ACKNOWLEDGES INDONESIA CAPITAL MARKET REFORM,

EMERGING MARKET STATUS RETAINED

Jakarta, 24 June 2026. Indonesia Financial Services Authority (OJK) welcomes MSCI's 2026 Market Classification Review, which retained Indonesia's status in the Emerging Markets.

Chairperson of the Board of Commissioners of OJK Friderica Widyasari Dewi stated that the decision reflected global investor's trust in the national economy resilience, financial services sector stability, and the various reforms to strengthen Indonesia capital market competitiveness, integrity, and transparency.

“We also appreciate MSCI's acknowledgement of the various capital market integrity reform measures that have been implemented. At the same time, we take note of the areas identified for further improvement as part of this constructive evaluation, and we will continue working with all stakeholders to address them," Friderica said in Jakarta, on Wednesday.

On 19 June 2026, MSCI released the 2026 Global Market Accessibility Review. The evaluation placed Indonesia's market accessibility as one of the best among other Emerging Market countries in the Asia-Pacific region.

Chief Executive of Capital Markets, Financial Derivatives, and Carbon Exchange Supervision of OJK Hasan Fawzi conveyed that the assessment results show the global index provider's acknowledgement on Indonesia capital market reform agendas by OJK and Self-Regulatory Organizations (SRO), with the support from all stakeholders, since the early 2026.

“We surely welcome this acknowledgement of the capital market reform achievement. Not only MSCI has retained Indonesia's status in Emerging Markets, but they also acknowledge our various reform measures have headed in the right direction. It is reflected in Indonesia's well-maintained market accessibility assessment results," Hasan said.

According to Hasan, acknowledgement of the reform agendas is essential for the domestic capital market to continuously grow with stronger governance, integrity, and transparency grounds.

“Certainly, we see there is still a room of improvement and feedback that shall be taken constructively. Therefore, we are committed to continuously nurture our engagement with the global index providers, global investors, and all stakeholders, to further increase Indonesia capital market's credibility, integrity, and investability in the future," Hasan explained.

Reform Agenda: Resumed and Strengthened

Hasan stated that the MSCI's market classification announcement aligns with the evaluation from another global index provider, FTSE Russell.

“In April 2026, FTSE Russell placed Indonesia in the Secondary Emerging Markets category, in the same class with several major markets such as China and India. Indonesia did not make the Watch List for further review by FTSE Russell. This time, MSCI announced similar decision and retained our status in the Emerging Markets, and even specifically highlighted our current capital market reform initiatives," Hasan explained.

He also emphasized that the retainment of the Emerging Markets status is not the end goal. OJK and SRO will continue to accelerate and optimize reform agendas in the domestic capital market, with the support of close coordination and synergism of all stakeholders. This measure also aims to take actions upon the concern and feedback from related parties in effort of strengthening the domestic capital market credibility and integrity.

In the future, efforts to establish Indonesia market's relevance and roles in the global scene will be enhanced, supported by Indonesia's strong economic performance and domestic market growth in accordance with its fundamentals.

“We believe Indonesia capital market is still prospective and has its appeal, be it for domestic or global investors, as seen from the maintained domestic economic fundamentals, ever-growing investor bases, competitive share valuation, and generally positive fundamental performance of issuers," Hasan shared.

OJK extended its highest appreciation to the Government, Commission XI of the Indonesian House of Representatives (DPR RI), SRO, industry players, investors, and all stakeholders for their valuable synergism and support in implementing Indonesia capital market reform agendas. The achievement is a fruit of collective labor, reflecting the joint commitment to create a more globally competitive, integrous, and transparent capital market.

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For more information

Head of Financial Services Sector Surveillance and Integrated Policy Department of OJK – Agus Firmansyah

Tel. 021.29600000; Email: humas@ojk.go.id