Following the 2008 devastating earthquake in western China, IFC initiated an Emergency Assistance Program to enhance Bank of Deyang's capacity to lend to SMEs and enable it to support women-owned SMEs in the earthquake-affected areas, through both it
In an op-ed in the Jakarta Globe, IFC Manager for Indonesia, Sarvesh Suri, describes why companies should practice good corporate governance, as the country weathers the current period of economic volatility.
Indonesian water company Perusahaan Daerah Air Minum Tirta Benteng Kota Tangerang initiated a 25-year partnership with PT Moya Indonesia to build and operate a water treatment plant to expand access to water in Tangerang. To support the partnership,
IFC fosters sustainable economic growth in Indonesia by financing private sector investment, mobilizing capital, and advising businesses and the government on projects that generate returns for investors and provide lasting benefits to the economy and communities.
IFC helps to improve Indonesia’s investment climate and attract private sector investors to a wide range of industries such as infrastructure, manufacturing, commodities-based supply chains, and financial services.
We provided a $280 million loan to Asahan One in 2014, a 180-megawatt hydroelectric power plant in North Sumatra province, to generate low-cost and renewable power.
In 2009, IFC and HSBC provided a $70 million loan to expand Indonesia’s PT Jakarta International Container Terminal. By reducing transportation costs and transit times for exports, the deal helped facilitate the distribution of goods and boosted Indonesia’s trade competitiveness.
IFC, together with Standard Chartered Bank and Deutsche Bank, arranged loans of $250 million to PT Indonesia Infrastructure Finance (IIF) in 2014.
Supporting Manufacturing and Coffee Farmers
We provided over $500 million of syndicated loans to a chemical manufacturing company, PT Panca Amara Utama, to finance the construction of an ammonia plant in Sulawesi. This project is part of the government’s initiative to foster development in Eastern Indonesia and increase job creation.
IFC and PT Indo Cafco opened a new training center in North Sumatra in 2011 to help 4,500 small coffee farmers meet international standards for their crops, improve sustainability and productivity, and increase their incomes.
Expanding Access to Finance
Since 2009, IFC has made numerous investments in PT Bank Tabungan Pensiunan Nasional Tbk. to help the bank increase lending to micro and smaller businesses. We also partnered with Sumitomo Mitsui Banking Corp. to provide joint-financing facilities to BPTN that have so far reached $500 million.
IFC and PT Bank Danamon Indonesia Tbk. are developing a financing model for small and medium enterprises in Indonesia’s agribusiness sector, which provides the biggest number of jobs in Indonesia. This will help the bank’s micro credit unit, Danamon Simpan Pinjam, expand its agricultural portfolio.
Mitigating Climate Change
IFC helped the Jakarta provincial government develop a green-buildings code that will reduce energy consumption, potentially cutting around 140 million tons of carbon dioxide per year.
IFC and Asia Green Capital Partners agreed in 2014 to develop the 62.5-megawatt Jeneponto 1 wind farm in South Sulawesi province and other renewable-energy projects in Indonesia and Southeast Asia.