What IDX Says About the MSCI Review

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TEMPO.CO, Jakarta - Indonesia Stock Exchange (IDX) has responded to the market accessibility review results released by Morgan Stanley Capital International (MSCI). Acting CEO of IDX, Jeffrey Hendrik, stated that the MSCI review provided positive results overall.

According to Jeffrey, there were many positive aspects retained in MSCI's assessment of the Indonesian market. "As for the areas that need improvement, they are already part of the reform process that is currently underway," he said in a phone call on Friday, June 19, 2026.

In the Global Market Accessibility Review 2026, MSCI utilized five main criteria to assess market accessibility. These criteria include openness to foreign investors, ease of capital inflow and outflow, efficiency of the operational framework, availability of investment instruments, and stability of the institutional framework. For the operational framework efficiency criteria, MSCI downgraded Indonesia's score to negative in information flow.

Within the Emerging Market group, only Indonesia and Turkey experienced a decrease in the information flow score. "The information flow criteria has been reduced for both markets, reflecting ongoing concerns about transparent free float and accurate price formation," MSCI stated in the report released on Friday, June 19, 2026.

Additionally, MSCI maintained a negative score for Indonesia's foreign exchange liberalization, which is one of the aspects in the ease of capital inflow-outflow criteria.

"There is no efficient offshore foreign exchange market, and constraints remain in Indonesia's domestic foreign exchange market," stated MSCI.

Read: MSCI Downgrades Indonesia's Information Flow Rating to Negative

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