PFII has the potential to attract global funds to Indonesia to boost the national economy.

JAKARTA - The draft law on the Indonesian International Financial Center (PFII) was officially passed into law through the DPR RI plenary session on Tuesday, July 21, 2026. PFII is a special financial area presented by the government to attract global capital, expand sources of development financing, and increase Indonesia's competitiveness at the world level.

The Chairman of the Working Committee for the PFII Draft Law, Mohamad Hekal, said that the current uncertain global economic situation needs to be utilized by the Indonesian government by targeting opportunities for global fund transfers.

According to Hekal, currently several countries are trying to develop international financial centers so that global fund transfers can be created. With that, the great potential in this monetary field should not be too late for the Indonesian government to take advantage of.

Therefore, said Hekal, PFII is a breakthrough by the Government under the leadership of President Prabowo to obtain global liquidity sources as an additional force to drive national economic growth.

Then Hekal revealed that from the data obtained there was a value of family office funds of around USD 3.2 trillion managed in the world's financial centers. Of this amount, continued Hekal, it is estimated that 65 percent are looking for a new international financial center location.

Hekal said that PFII is a response to the movement of global funds whose process does not last forever. The reason is, after investors determine the new place for the placement of their funds, the tendency will not change again in the near future.

"There is a need for investment in Indonesia to be able to drive economic growth. Through the presence of PFII, it is hoped that a new way will be opened for global funds to enter so that they can support our national economy," said Hekal, who is also Deputy Chairman of Commission XI of the House of Representatives of the Republic of Indonesia, Thursday (23/7/2026).

Hekal said another positive aspect of the existence of PFII is that it can encourage liquidity to be able to boost the value of the rupiah while expanding the source of financing for Indonesia's economic programs.

Hekal added that the PFII will make foreign exchange a financial instrument so as to attract global funds without direct contact with domestic banking. This is also to maintain the performance of the PFII without disturbing the domestic monetary sector.

In fact, the presence of PFII can help reduce the cost of funds for banks significantly, estimated to be down to 200 basis points.

"So the point is that the presence of PFII is our effort to attract global funds. It is not the funds that are already in Indonesia that are attracted to PFII. Then don't let them (global funds) end up disturbing the capital that has been in Indonesia so far," said Hekal.

Hekal explained that the existence of PFII will also create an international financing ecosystem in Indonesia in various strategic sectors, such as the ship, aircraft and other industries.

The financing industry ecosystem includes its investments, banking, insurance and other derivatives.

"All financial benefits and transactions related to financing and asset insurance have never been fully enjoyed by Indonesia. So in the future Indonesia can feel it fully, the way it can be through a financial ecosystem such as PFII," said Hekal.

Hekal ensured that in the course of PFII activities, transparency, good governance, and accuracy must be prioritized that the global funds that come in are indeed from new investments. For him, don't let the domestic financial funds mutate so that they can obtain special facilities.