Capital Economics economists say in a report that unless clear progress is made addressing MSCI’s transparency concerns, Indonesia risks being downgraded from emerging-market to frontier-market status. MSCI has postponed its decision until November to assess reforms by financial regulators; key issues, notably expanded market access for foreign investors, must be resolved before the November review.

2026-06-29

Capital Economics economists say in a report that unless clear progress is made addressing MSCI’s transparency concerns, Indonesia risks being downgraded from emerging-market to frontier-market status. MSCI has postponed its decision until November to assess reforms by financial regulators; key issues, notably expanded market access for foreign investors, must be resolved before the November review.