The Government Adds the Equity Participation in Indonesian Export Financing Agency of Rp 1 Trillion

By Alfurkon Setiawan
Date 16 September 2015
Category: News
Read: 5.313 Views
Exim

The Government Adds the Equity Participation in Indonesian Export Financing Agency

With consideration to increase the capital capacity of the Indonesian Export Financing Agency, in order to support the national exports, President Joko Widodo on August 20, 2015 has been signed Government Regulation No. 67 Year 2015 concerning Addition of State Capital Investment of Indonesia, in the capital of Indonesian Exports Financing Agency.

“Indonesia undertakes the increase in state capital of the Indonesian Export Financing Agency capital, which established under Act 2 of 2009 on the Indonesian Export Financing Agency,” reads Article 1 of the regulation.

The addition of the capital investment sourced from the State Budget for Fiscal Year 2015. The amount of the capital increase referred to Rp 1,000,000,000,000.00 (one trillion rupiahs).

“This regulation comes into force on the date of enactment,” reads Article 3 of Government Regulation No. 67 Year 2015, which was promulgated by the Minister of Law and Human Rights Yasonna H. Laoly on August 21, 2015.  (Pusdatin/ES)/Sy.

Latest News