In a release dated October 1, the Asian Development Bank said it had approved $650 million for the first subprogram of Indonesia’s Financial Market Deepening Program. It supports capital-market development, modernization of the digital financial ecosystem and conditions for sustainable and transition finance.

Reforms include securities lending, liquidity providers and bond-market development, along with stronger rules for digital assets, cybersecurity and consumer protection. ADB will also support expansion of the sustainable-finance taxonomy and green lending. The bank noted Indonesia’s stock market stood at 66.4% of GDP in 2025.