JAKARTA - DKI Jakarta Governor Pramono Anung decided to cancel the formation of a Jakarta Fund or investment agency that had been discussed since the 2024 Pilkada period.
Initially, the Jakarta Fund was planned to increase regional income with professional management such as the Indonesia Investment Authority (INA).
Until finally, Pramono decided to form the Jakarta Fund after consulting with Finance Minister Sri Mulyani.
"About Jakarta funding. So after studying the existing regulations and I have communicated, consulted with the Minister of Finance and also experts in this field," said Pramono at DKI Jakarta City Hall, Wednesday, August 27.
Instead, Pramono discussed that the DKI Provincial Government would carry out regional bonds or municipal bonds.
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In this case, the DKI Provincial Government will issue debt securities to finance infrastructure development and various other regional programs. Then, investors will receive regular interest and return basic funds when the payment is due.
"The easiest, most strategic thing that can be encouraged from Jakarta is the municipal bond. I will do that," said Pramono.
The former Cabinet Secretary assessed that the implementation of municipal bonds has a smaller risk than forming the Jakarta Fund.
"When I met several players in the market, they suggested this more. The risk for Jakarta is very small. Because of this municipal bond, Jakarta was said to have assets of approximately Rp. 168 trillion," he explained.
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