Indonesia Receives Funding Of 10 Billion US Dollars Without Guarantee

JAKARTA - CEO of the Anagata Nusantara Resources Investment Management Agency (Danantara Indonesia) Rosan Roeslani revealed that Indonesia received funding of 10 billion US dollars sourced from 12 foreign banks.

According to Rosan, the loan given by foreign banks is proof that Danantar has won the trust of international banks. The reason, he said, even though he received a loan from a bank, Indonesia was not required to include guarantees.

"This proves that even foreign banks and loans are given based only on the basis of not providing any guarantees," he told the media crew at the Ministry of Energy and Mineral Resources Building, Tuesday, July 22.

With the large loan obtained from these foreign tires, Rosan admits that he believes that in the future Indonesia will get more loans from other international institutions.

Rosan further explained that the reason Indonesia received a loan without collateral was because the foreign bank assessed that the project owned by Danantara met the criteria and could bring profits.

"Some of the investments that we will make certainly still refer to existing criteria because if we invest there must be a return," explained Rosan.

In addition to obtaining funding from foreign banks, for four months the Danantara was launched, it has received funding in collaboration with other Sovereign Wealth Funds (Sovereign Wealth Fund) of 7 billion US dollars.

"Of the 7 billion dollars with Qatar 4 billion US dollars, then with CIC (China Investment Corporation) 2 million US dollars and also then with RDIF (Russian Direct Investment Fund). And we are having talks with other Sovereign Wealth Funds to jointly invest, especially in Indonesia," concluded Rosan.

To note, based on the initial study of the National Energy Downstream and Resilience Task Force, of the 18 projects, the mineral and coal downstream project was the largest with 8 projects worth US$20.1 billion and the potential to absorb 104,974 workers. Projects in the agricultural and marine sectors each absorbed 23,950 and 67,100 workers.

Meanwhile, the energy transition project is worth 2.5 billion US dollars and absorbs 29,652 workers. In the energy security sector, the investment value reaches 14.5 billion US dollars with the potential for absorption of 50,960 workers. Overall, 18 of these projects have the potential to create 276,636 direct and indirect jobs.