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Indonesia to offer infrastructure projects at IMF-World Bank Meeting

Jakarta Post – Finance Minister Sri Mulyani has said the government would offer investment in infrastructure projects to potential investors from across the world who attend the IMF-World Bank meeting in Bali from Oct. 8 to 14.

She said in Jakarta on Tuesday that a number of countries had expressed interest in financing infrastructure projects in Indonesia.

a�?From the annual meeting in [last] April in Washington, we have received many offers from financial institutions, particularly for financing infrastructure projects,a�? said Sri Mulyani after attending a meeting of IMF-World Bank Group 2018 national organizing committee as reported byA�kompas.com.

She explained that during the Bali meeting, which would be attended by many heads of state, ministers, representatives of various organizations as well as business communities, there would be many side events at which Indonesia could display various investment opportunities, including infrastructure projects.

He believed many investors would be interested in investing in Indonesia, both through the governmenta��s debt papers and through direct investment to the projects offered by the government, particularly because Indonesia has a high investment grade.

Meanwhile, Coordinating Maritime Affairs Minister Luhut Binsar Pandjaitan, who is also chairman of the IMF-World Bank Group 2018 national organizing committee, had instructed state-owned infrastructure financing firm PT Sarana Multi Infrastruktur (SMI) to prepare infrastructure projects that could be financed by foreign investors.

He said SMI had to collect data about the projects and the value of each project. (bbn)