Donors Institute Infrastructure Finance Agency in Indonesia

Development banks have established the PT Indonesia Infrastructure Finance  in Jakarta to boost long-term financing in infrastructure development.

IIF was formed by the Asian Development Bank, International Finance Corp., Deutsche Investitions und Entwicklungsgesellschaft or DEG, and the Indonesian government through the PT Sarana Multi Infrastrukture, Viva News reports. The shareholders’ total commitment amounts to 1.6 trillion rupiahs (USD179 million). 

IIF Chief Commissioner Bambang Subianto said IIF can improve private sector participation in infrastructure development in Indonesia.

The World Bank and AusAID also helped in setting up IIF through knowledge sharing, according to IIF Managing Director Taswin Zakaria.

About the author

  • Profile pic

    Chiden Balmes

    Chiden, a correspondent based in Seoul, focuses on computer-assisted reporting to provide international development professionals with practical business and career information. He also contributes to the Development Newswire and the Global Development Briefing, two of the world's highest-circulation development publications.