THE MSCI VERDICT: When the World Ranks Indonesia Alongside Zimbabwe
THE MSCI VERDICT: When the World Ranks Indonesia Alongside Zimbabwe Core thesis: Morgan Stanley Capital International (MSCI) is considering downgrading Indonesia's stock market status from Emerging Market to Standalone Market—the lowest tier in MSCI's classification. If this happens, Indonesia will be ranked alongside Zimbabwe, Palestine, Lebanon, Nigeria, and Ukraine. This article is not about accusing any particular individual. It is an analysis of why global financial institutions judge Indonesia as failing to meet standards—and what MSCI is actually assessing. --- HOOK Standalone Market. That is the lowest tier in MSCI's classification—the institution that determines how trillions of dollars in global funds are allocated. Indonesia currently sits in Emerging Market—alongside Brazil, Chile, Egypt, China, India, Korea, Malaysia, and Thailand. But MSCI is considering downgrading Indonesia to Standalone Market—alongside Zimbabwe, Palestine, Lebanon, Nigeria, and Ukraine. T...