Gov’t Welcomes IDFC’s US$5 Billion Investment

By Office of Assistant to Deputy Cabinet Secretary for State Documents & Translation
Date 10 Januari 2020
Category: News
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President Jokowi welcomes IDFC CEO Adam S. Boehler and the delegation, at the Merdeka Palace, Jakarta, Friday (10/1). (Photo by: Ibrahim/PR)

President Joko “Jokowi” Widodo has embraced the plan of the US International Development Finance Corporation (IDFC) to allocate US$5 billion of investment to fund Indonesia’s infrastructure and digital technology development.

“This will significantly help to maintain growth stability amidst the current global economic uncertainty,” President Jokowi said during the meeting with IDFC CEO Adam S. Boehler and the delegation, at the Merdeka Palace, Jakarta, Friday (10/1).

The President stated that in his second term, infrastructure development will still be pursued. Therefore, the Government needs investment to fund many infrastructure development programs, such as toll roads, airports, seaports, energy infrastructure, and digital technology.

The Government, according to President Jokowi, continues to make policy breakthroughs to support and create a friendly investment climate through the omnibus investment law. “So, Indonesia can narrow the infrastructure gap and become very competitive in this global era,” he stated.

For this reason, the President welcomed the IDFC’s commitment to supporting Indonesia’s priority programs, mainly in the development of infrastructure, energy and digital technology. (MAY/HIM/ES)

 

Translated by: Fairuzzamani Inayatillah
Reviewed by: Muhardi
Proofread by: Yuyu Mulyani

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