Friday, 23 August 2019 13:22

LPEI Arranges Financing Schemes to Support African Countries

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The Indonesian Export Financing Agency (LPEI) or Indonesia Eximbank will provide the best financing and guarantee schemes for all forms of export activities, especially to African countries. This was revealed by Executive Director of the Indonesian Export Financing Institution, Sinthya Roesli before a number of delegations from African countries and representatives of several State-Owned Enterprises -BUMN at 'Breakfast Business Dialogue' of the Indonesia - Africa Infrastructure Dialogue (IAID) 2019 event in Nusa Dua, Bali on Wednesday (8/21).Sinthya also explained that to support infrastructure development abroad through a number of experienced State-Owned Enterprises -SOEs, LPEI could run a number of financing schemes. One of them is buyer’s credit or financing to buyers of Indonesian products or services abroad. In this case, LPEI can provide facilities to African governments as project owners and business entities in the country concerned. In addition, Sinthya Roesli added that her side also provides overseas investment financing and working capital financing to SOEs working on overseas construction sector projects. She added that Indonesia has also implemented a semi-concessional loan facility, namely the National Interest Account (NIA) or the Special Export Assignment (PKE). Africa is also one of the main destination regions of this program.National Interest Account is a soft loan provided by LPEI specifically in the form of export financing for transactions or projects that are commercially difficult to implement, but are deemed necessary to support national export policies or programs. Through this scheme, LPEI has provided financing facilities to strategic SOEs for a number of projects in Africa. One of them has been given to PT Dirgantara Indonesia for the purchase of CN 235 aircraft by Senegal, worth Rp147 billion. In addition, this facility was given to PT Wijaya Karya for the construction of housing in Algeria, worth Rp187 billion.The Indonesian Export Financing Institution which has assets reaching Rp118.4 trillion as of June 2019 will provide the best financing and guarantee schemes for all forms of export activities, particularly to African countries.

Read 41 times Last modified on Saturday, 24 August 2019 10:47