Sri Mulyani Story Of Struggle For Infrastructure Financing

Minister of Finance Sri Mulyani (Photo; Doc. Antara)

JAKARTA - Finance Minister Sri Mulyani Indrawati said Indonesia since 2005-2006 began implementing the Government and Business Entity Cooperation (PPP) system, also known as public-private partnerships. This is to overcome the challenges of infrastructure financing.

Sri Mulyani said that the government established several institutions to be able to bridge public finance needs with the private sector.

Meanwhile, a number of institutions in the form of Special Mission Vehicles (SMV) and Public Service Agencys (BLU) include PT IIF, PT PII, PT SMI, LMAN, and also the Indonesia Investment Authority (INA).

"Travels to build infrastructure from time to time are always there. However, it was conveyed earlier that the desire and needs were very large, on the other hand they were faced with state finances which were always limited because the needs of the country were not only infrastructure," he said in Soft Launching Book & Seminar: "Infrastructure for Inclusive Economic Development in Indonesia on Friday, October 27.

Wanita yang disapa familiar Ani mengungkapkan, kebutuhan pembangunan infrastruktur sangat penting bagi sebuah negara untuk bisa maju. Baik dalam mengelesasan kemiskinan, membangun ekonomi, maupun meningkatkan competitiveness dan produktivitas.

"That's why we mentioned earlier that we only provide 37 percent of the infrastructure needs, but we don't mean oh because 37 percent, we only achieve 37 percent," he explained.

According to him, this will make Indonesia even more behind its progress, poverty will not be resolved, unemployment will spread, and our productivity and competitiveness will be greatly disrupted or decreased.

Sri Mulyani said that the government's various experiences in overcoming infrastructure challenges are very unfortunate if they are not recorded and their benefits are taken.

"Well, today's Ministry of Finance actually captures our various experiences in infrastructure financing, especially for KPBU, by looking at the many experiences, difficulties, innovations that arise, it's a shame if they are not arrested or not recorded and distributed," he said.

According to Sri Mulyani, this can also be used as learning material, both for bureaucrats, policymakers, academics, and business actors.

In addition, he also hopes that this learning can support the creation of community of practice from various fields, both financial, technical, legal, environmental, and social sides.