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Indonesia's President Faces Backlash Amid Stock Market Decline

2/16/2026

Summary

Story summary

In February 2026, Indonesia's President Prabowo Subianto faced backlash after a stock market decline.
Key ministers met at the president's home, triggering resignations at the Financial Services Authority and the Indonesia Stock Exchange.
The administration aims to boost market transparency and avoid an MSCI downgrade.
Moody's downgraded Indonesia's outlook, citing unpredictable policies and ineffective communication.
The government continues to push social welfare initiatives amid these challenges.

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Story summary

In February 2026, Indonesia's President Prabowo Subianto faced backlash after a stock market decline.
Key ministers met at the president's home, triggering resignations at the Financial Services Authority and the Indonesia Stock Exchange.
The administration aims to boost market transparency and avoid an MSCI downgrade.
Moody's downgraded Indonesia's outlook, citing unpredictable policies and ineffective communication.
The government continues to push social welfare initiatives amid these challenges.