fbpx 54152-001: Sustainable Development Goal Indonesia One - Green Finance Facility Phase 1 | Asian Development Bank

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 onlent 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
Technical Assistance
Source of Funding / Amount
Loan: Sustainable Development Goal Indonesia One - Green Finance Facility Phase 1
Ordinary capital resources US$ 150.00 million
TA: Sustainable Development Goal Indonesia One - Green Finance Facility Phase 1
Financial Sector Development Partnership Special Fund US$ 375,000.00
Financial Sector Development Partnership Special Fund US$ 375,000.00
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Drivers of Change Gender Equity and Mainstreaming
Governance and capacity development
Knowledge solutions
Partnerships
Private sector development
Sector / Subsector

Finance / Infrastructure finance and investment funds

Gender Equity and Mainstreaming Some gender elements
Description The sovereign financial intermediary loan to Indonesia will be onlent 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 Achievement of Indonesia's SDG and climate change commitments accelerated, through greater flow of investments in bankable green or SDG-impacting infrastructure projects (GSIPs). (Indonesia's First NDC)
Outcome Private, Institutional and Commercial (PIC) investments catalyzed and blended with public sector funds to finance green and SDG subprojects, and create a clear climate resilience impact.
Outputs

SIO-GFF operationalized

Green and SDG impacting subprojects (GSIPs) developed and approved for financing.

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
Executing Agencies
Ministry of Finance Directorate General of Budget Financing and Risk Management
Frans Seda Building
Jln. Dr. Wahidin Raya No. 1
Jakarta 10710, Indonesia
Timetable
Concept Clearance 27 Jul 2020
Fact Finding 11 Sep 2020 to 10 Feb 2021
MRM 13 Aug 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 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.

Evaluation Documents See also: Independent Evaluation

None currently available.

Related Publications

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Tenders

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Contracts Awarded

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Procurement Plan

None currently available.