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Indonesia: Sustainable Development Goal Indonesia One - Green Finance Facility Phase 1

Sovereign (Public) Project | 54152-001 Status: Proposed

The sovereign financial intermediary loan to Indonesia will be on lent to PT Sarana Multi Infrastruktur (PT SMI) for SIO-GFF implementation, to support achievement of the country's sustainable development goals (SDG's) through an innovative transition financing mechanism. The SIO-GFF mechanism will link funds provision to subprojects with clear green - a cross cutting theme across most SDGs - and financial bank-ability targets. Designed as a de-risking facility SIO-GFF aims to leverage ADB and government funds to catalyze a multiple of green funds from private, institutional and commercial sources over time. The project will play a critical role in Indonesia's sustainable economic recovery following the COVID-19 caused pandemic including through specific targeting of post-COVID-19 recovery projects. TA support will provide capacity and implementation support to PT SMI as well help propose future SIO phases and more innovative leveraged finance tools.

Project Details

Project Officer
Ainabe, Benita Southeast Asia Department Request for information
Country
  • Indonesia
Sector
  • Finance
 
Project Name Sustainable Development Goal Indonesia One - Green Finance Facility Phase 1
Project Number 54152-001
Country Indonesia
Project Status Proposed
Project Type / Modality of Assistance Loan
Source of Funding / Amount
Loan: Sustainable Development Goal Indonesia One - Green Finance Facility Phase 1
Ordinary capital resources US$ 150.00 million
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Drivers of Change Governance and capacity development
Knowledge solutions
Partnerships
Private sector development
Sector / Subsector

Finance / Infrastructure finance and investment funds

Gender Equity and Mainstreaming No gender elements
Description The sovereign financial intermediary loan to Indonesia will be on lent to PT Sarana Multi Infrastruktur (PT SMI) for SIO-GFF implementation, to support achievement of the country's sustainable development goals (SDG's) through an innovative transition financing mechanism. The SIO-GFF mechanism will link funds provision to subprojects with clear green - a cross cutting theme across most SDGs - and financial bank-ability targets. Designed as a de-risking facility SIO-GFF aims to leverage ADB and government funds to catalyze a multiple of green funds from private, institutional and commercial sources over time. The project will play a critical role in Indonesia's sustainable economic recovery following the COVID-19 caused pandemic including through specific targeting of post-COVID-19 recovery projects. TA support will provide capacity and implementation support to PT SMI as well help propose future SIO phases and more innovative leveraged finance tools.
Project Rationale and Linkage to Country/Regional Strategy
Impact The achievement of Indonesia's SDGs is accelerated through implementation of Green Infrastructure Projects.
Outcome Private, Institutional and Commercial (PIC) finance and sovereign funds catalyzed and blended for Green Infrastructure Projects through a replicable national Green Finance Facility model.
Outputs

1. SIO-GFF established with technical (project preparation) and financing operations institutionalized

2. Green Infrastructure Projects developed and financed.

Geographical Location Nation-wide
Safeguard Categories
Environment FI
Involuntary Resettlement FI
Indigenous Peoples FI
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
Timetable
Concept Clearance 27 Jul 2020
Fact Finding 05 Oct 2020 to 16 Oct 2020
MRM 23 Nov 2020
Approval -
Last Review Mission -
Last PDS Update 03 Sep 2020

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

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Safeguard Documents See also: Safeguards

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

None currently available.

Evaluation Documents See also: Independent Evaluation

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Related Publications

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Tenders

No tenders for this project were found.

Contracts Awarded

No contracts awarded for this project were found

Procurement Plan

None currently available.