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ASEAN-5’s Credit Investments (Loans,Deposits,Trade Credit,etc)

(Source) IMF International Financial Statistics, Central bank reports and online databases from Bank of Thailand, Bank Negara Malaysia, Bank Indonesia, Bangko Sentral ng Pilipinas, and State Bank of Vietnam.
(Source) IMF International Financial Statistics, Central bank reports and online databases from Bank of Thailand, Bank Negara Malaysia, Bank Indonesia, Bangko Sentral ng Pilipinas, and State Bank of Vietnam.

This chart shows net flows of “Other Investments”, which include bank loans, deposits, and trade credits in ASEAN-5 countries.

Key Observations:

  • 2016–2020: Persistent net outflows, with 2019 hitting around –USD 15 billion.

  • 2021: Temporary surge in inflows, reaching over USD 15 billion—an exceptional year.

  • 2022–2024: Return to outflows, with 2024 projected to drop to –USD 22 billion, the worst in the period.

Implication:Other investments represent short-term and credit-sensitive capital. The volatility suggests changing risk appetite among lenders and counterparties. The 2024 plunge may indicate tightening credit conditions and reduced confidence in regional borrowers.

 
 
 

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