Indonesian president’s adviser says MSCI downgrade threat ‘went too far’

The Indonesian president’s adviser, who is also the tycoon and brother of President Prabowo Subianto, has criticized the potential MSCI downgrade, arguing that it overstates the risks. He warns that such an expulsion from global indices could lead to severe economic repercussions for Indonesia. This statement underscores the tension between Indonesia's political landscape and its economic standing in the global market, highlighting the broader implications for foreign investment and economic stability. For a comprehensive view, readers should visit the Financial Times article linked above.