Jakarta, May 16 -- The rupiah's slide to around Rp17,500 per U.S. dollar, or about US$1 for Rp17,500, in mid-May has intensified pressure on Indonesia's financial markets, prompting authorities to deploy aggressive fiscal and monetary measures to stabilize investor confidence.

Amid rising global uncertainty, the government and Bank Indonesia have responded with coordinated intervention policies aimed at containing volatility in currency and bond markets.

A key initiative is the planned activation of a bond stabilization fund, or BSF, designed to support Indonesia's sovereign bond market and prevent a sharp rise in government bond yields.

The policy, announced by Finance Minister Purbaya Yudhi Sadewa, signals the government's determinat...