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Indonesia: Sustainable Infrastructure Assistance Program - Municipal Bond Issuance and Infrastructure Finance (Subproject 16)

Sovereign (Public) Project | 46380-035 Status: Active

The Government of Indonesia has plans to establish the country's first municipal bond issuance program. This is to help raise funds for infrastructure and other development expenditures at subnational government level. This will be piloted by DKI Jakarta and Central Java. Another priority initiative is the introduction of new infrastructure financing products in support of private sector investment in infrastructure through the state-owned infrastructure financing company, PT Sarana Multi Infrastruktur (PT SMI) as well as the Indonesia Infrastructure Facility (IIF) and the Indonesia Infrastructure Guarantee Fund (IIGF).

Project Details

Project Officer
Ainabe, Benita Southeast Asia Department Request for information
Country
  • Indonesia
Sector
  • Finance

Related Projects

 
Project Name Sustainable Infrastructure Assistance Program - Municipal Bond Issuance and Infrastructure Finance (Subproject 16)
Project Number 46380-035
Country Indonesia
Project Status Active
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 9615-INO: Sustainable Infrastructure Assistance Program - Municipal Bond Issuance and Infrastructure Finance (Subproject 16)
Government of Australia US$ 530,000.00
TA 9615-INO: Sustainable Infrastructure Assistance Program - Municipal Bond Issuance and Infrastructure Finance (Subproject 16) (Supplementary)
Government of Australia US$ 170,000.00
Strategic Agendas Inclusive economic growth
Regional integration
Drivers of Change Governance and capacity development
Knowledge solutions
Partnerships
Private sector development
Sector / Subsector

Finance / Infrastructure finance and investment funds - Money and capital markets

Gender Equity and Mainstreaming No gender elements
Description The Government of Indonesia has plans to establish the country's first municipal bond issuance program. This is to help raise funds for infrastructure and other development expenditures at subnational government level. This will be piloted by DKI Jakarta and Central Java. Another priority initiative is the introduction of new infrastructure financing products in support of private sector investment in infrastructure through the state-owned infrastructure financing company, PT Sarana Multi Infrastruktur (PT SMI) as well as the Indonesia Infrastructure Facility (IIF) and the Indonesia Infrastructure Guarantee Fund (IIGF).
Project Rationale and Linkage to Country/Regional Strategy Inadequate infrastructure, due in large part to underinvestment in the past, is a key constraint to higher and more inclusive growth in Indonesia. Recognizing this, the Government has embarked on an ambitious infrastructure development agenda comprising significant increases in public sector spending in infrastructure financing as well as policy and institutional reforms, to create an enabling environment for PPPs and private sector investment more generally.
Impact Infrastructure and connectivity sectors developed, and private sector participation encouraged.
Project Outcome
Description of Outcome Private sector participation in innovative infrastructure financing facilitated
Progress Toward Outcome
Implementation Progress
Description of Project Outputs

1. Preparatory activities towards Indonesia's first ever municipal bond issuance completed.

2. Municipal funding plan established.

3. Innovative infrastructure financing strategy adopted.

Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location Nation-wide
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Responsible ADB Officer Ainabe, Benita
Responsible ADB Department Southeast Asia Department
Responsible ADB Division Public Management, Financial Sector and Trade Division, SERD
Executing Agencies
Coordinating Ministry for Economic Affairs also known as Kementerian Koordinator Bidang Perekonomian (KKBP)
2nd Floor, Jl Lapangan
Banteng Timur 2-4
Jakarta Pusat 10710
Timetable
Concept Clearance -
Fact Finding 02 Jul 2018 to 02 Jul 2018
MRM -
Approval 15 Oct 2018
Last Review Mission -
Last PDS Update 23 Oct 2018

TA 9615-INO

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
15 Oct 2018 15 Oct 2018 15 Oct 2018 30 Jun 2019 31 Dec 2019 -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
0.00 700,000.00 0.00 0.00 0.00 0.00 700,000.00 15 Oct 2018 23,594.77

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Evaluation Documents See also: Independent Evaluation

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Related Publications

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Tenders

Tender Title Type Status Posting Date Deadline
Project Manager for Feasibility Study of Agricultural Tourism and Educational Park Project Individual - Consulting Closed 12 Jan 2019 18 Jan 2019
Partial Credit Guarantee Specialist Individual - Consulting Closed 11 Jan 2019 17 Jan 2019
Municipal Bond Finance Specialist Individual - Consulting Closed 08 Jan 2019 14 Jan 2019
International Partial Credit Guarantee Specialist Individual - Consulting Closed 25 Oct 2018 31 Oct 2018
Partial Credit Guarantee Specialist Individual - Consulting Closed 27 Jul 2018 02 Aug 2018
Partial Credit Guarantee Expert Individual - Consulting Closed 27 Jul 2018 02 Aug 2018
Takeout Finance Specialist Individual - Consulting Closed 27 Jul 2018 02 Aug 2018

Contracts Awarded

No contracts awarded for this project were found

Procurement Plan

None currently available.