Indonesia to Offer US$42.2 Billion Investment during IMF-WBG`s Annual Meeting

Jakarta (ANTARA News) – The Indonesian Government is planning to offer investment opportunity valued US$42.2 billion during the upcoming International Monetary Fund-World Bank Group (IMF-WBG) annual meeting, due to be held in Bali in October.

“We offer an investment opportunity of US$42.2 billion with the total projects worth US$86 billion,” State-Owned Enterprises Ministry`s special staff member Sahala Lumban Gaol said in an event in Jakarta on Monday.

During the event entitled “Menakar Dampak IMF-WB” (Measuring the Impacts of IMF-WBG Meeting), he said that those projects will be compiled in a specific book of investment opportunities and be delivered to the investors attending the meeting.

The book will provide complete information on investment-worthy projects, including some of which are publicly known such as toll roads and power plants.

“In that book, we will offer around 79 projects from 21 state-owned companies,” Sahala noted.

Sahala said the government does not set the target of realization of the investment coming from this bidding opportunity because the most important thing is that Indonesia can use the momentum to invite capital inflows.

“We are not setting any specific target because we want to convince them that these projects are very good,” he explained.

The government will offer several investment models including direct investment under strategic partnership scheme of US$6.6 billion for 13 projects, participation in equity of US$21.2 billion for 45 projects and project financing of US$11.6 billion for 19 projects.

In addition, other investment models are also included such as investment in the capital market using medium term note (MTN) of US$748 million for two projects, US$1.2 billion project bonds for one project and infrastructure funds of US$852 for four projects.

The sectors offered include investments in electricity, oil and gas, manufacturing, telecommunications, construction and infrastructure, transportation, seaports, airports, property and real estate, tourism and hospitality, defense as well as capital markets. (T/RS5/RS1)

Mi’raj Islamic News Agency (MINA)