The Finance Ministry-held business forum discussed innovative financing policies and instruments as well as the support that the government is providing to realize Indonesia's commitment to sustainable infrastructure development.
The forum featured several figures, including Finance Minister Sri Mulyani Indrawati as well as several panelists.
The panelists comprised Public Works and Public Housing Minister Basuki Hadimuljono, Communication and Informatics Minister Johnny Gerard Plate, and West Java Governor Ridwan Kamil.
World Bank country director for Indonesia and Timor-Leste, Satu Kähkönen, also attended the event.
"By 2045, Indonesia will become a nation with the fifth biggest economy in the world," the Trade Ministry's national export development director general, Didi Sumedi, noted.
"This projection is what we continue to uphold during Indonesia's participation in the Expo 2020 Dubai," he added.
Sumedi, concurrently the Commissioner General of Indonesia Pavilion, also said that this is Indonesia's opportunity to continue to draw investment, especially in domestic infrastructure construction and development projects.
The business forum discussed the government's guarantee instrument integrated with the blended finance infrastructure to bolster the implementation of the Environmental, Social, and Governance (ESG) principle, he informed.
This is meant to encourage the active participation of the private sector in developing and funding Indonesia's sustainable infrastructure development.
This aligns with the main focus of UAE’s investment in Indonesia, specifically renewable energy and industry based on good environmental management.
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Through the PPP scheme, project supervisors can access Finance Ministry's support, such as project preparation facility and eligibility support, which have been integrated with the government's guarantee and the SDG Indonesia One platform.
"All of these supports are provided to encourage the private sector's participation in developing and financing Indonesia's sustainable infrastructure development, which aligns with Golden Indonesia 2045 vision," Finance Ministry official Brahmantio Isdijo said.
The success of Indonesia's infrastructure development is inseparable from the success of the PPP scheme.
Major projects that were successfully built under the scheme include the Cikampek Toll Road, water supply system in Bandar Lampung, and Palapa Ring project that has involved the development of fiber optic infrastructure for telecommunication and managed to reach 17 remote regions in Indonesia.
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Translator: Citro Atmoko, Fadhli Ruhman
Editor: Rahmad Nasution
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