IDFC Committed to Investing in Various Projects in Indonesia

By Office of Assistant to Deputy Cabinet Secretary for State Documents & Translation
Date 10 Januari 2020
Category: News
Read: 223 Views

Chief Executive Officer of the US International Development Finance
Corporation (IDFC) Adam S. Boehler accompanied by Coordinating Minister for Maritime Affairs and Investment Luhut B. Pandjaitan, answers reporters’ questions after a meeting with President Jokowi at Merdeka Palace, Jakarta, Friday (10/1). (Photo by: Ibrahim / PR)

The US International Development Finance Corporation (IDFC) is committed to supporting Indonesia in development funds for various sectors, Chief Executive Officer (CEO) of the IDFC Adam S. Boehler said.

“We want to support Indonesia in various sectors by providing high quality and sustainability technology, particularly on projects in energy, infrastructure, and healthcare,” Boehler said in his press statement after meeting with President Joko “Jokowi” Widodo at Merdeka Palace, Jakarta, Friday (10/1).

According to Boehler, IDFC is a new institution in the US that has US$60 billion financing capacity designated for investments in developing countries. “The IDFC was just established two weeks ago, and our first visit is to Indonesia. It is a pleasure to meet President Jokowi,” he said.

Previously, Coordinating Minister for Maritime Affairs and Investment Luhut B. Pandjaitan said that the Overseas Private Investment Corporation (OPIC) has been transformed into the U.S. International Development Finance Corporation (IDFC) under the White House.

On that occasion, IDFC CEO Adam S. Boehler said that Indonesia and the US have strong friendships and partnerships. Therefore, he will immediately compile a list of any potential investments in the country.

Regarding the investment allocation of US$5 billion, Boehler continued, it is a catalyst that will produce four to five times more through private capital.

Coordinating Minister for Maritime Affairs and Investment Luhut B. Pandjaitan said that the total investment by the IDFC could increase by US$10 billion, depending on the project.

“That (the increase) is possible to happen,” Luhut said.

According to Luhut, IDFC is also interested in joining the Sovereign Wealth Fund which is currently established by the Government and Mohamed bin Zayed Corporation (MbZ) in Abu Dhabi.

“The IDFC is also interested in being involved in Sovereign Wealth Fund,” Luhut said. (MAY / HIM / ES)

 

 

Translated by: Syarifah Aisyah
Reviewed by: Muhardi
Proofread by: Lulu Wuliarti

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