JAKARTA - Minister of Finance Sri Mulyani Indrawati stipulates Regulation of the Minister of Finance (PMK) Number 30/PMK.08/2021 concerning Procedures for Providing Central Government Guarantees for Accelerating Implementation of National Strategic Projects, on March 31, 2021, and promulgated on April 1, 2021.
This PMK is a substitute for the previous PMK, namely PMK 60 / PMK.08 / 2017. The issuance of the regulation aims to accommodate the dynamics of development and the need for the implementation of the National Strategic Project (PSN), which requires a guarantee by the government for investor confidence.
For information, this PMK contains implementing regulations after the issuance of Government Regulation Number 42 of 2021 concerning the Ease of National Strategic Projects (PP 42/2021) on February 2, 2021, as a derivative of Law Number 11 of 2020 concerning Job Creation.
There are two fundamental changes in PMK 30/PMK.08/2021 compared to the previous PMK.
First, is the provision regarding the involvement of the Infrastructure Guarantee Agency (BUPI) in providing government guarantees, which are expected to accelerate the implementation of the process of providing government guarantees and reduce direct risks to the APBN.
"The involvement of BUPI as a BUMN under the Ministry of Finance is intended so that the government support process related to guarantees can be carried out effectively and professionally, as well as synergies with guarantee policies for other infrastructure programs", said Minister of Finance Sri Mulyani, Monday, April 5.
The second is related to the regulation regarding the scope of political risk in PSN underwriting which is firmer.
"This arrangement is expected to provide regulatory certainty to the Person in Charge of National Strategic Projects (PJPSN) and business entities implementing PSN on what political risks the government can provide guarantees", she said.
Furthermore, provisions regarding the involvement of BUPI in providing government guarantees are formulated through three regulatory schemes, namely direct guarantees by the government, joint guarantees by the government and BUPI, and guarantees of BUPI itself.
"In providing government guarantees, BUPI can be involved from the guarantee proposal process, implementation of the guarantee to the implementation of monitoring and evaluation of the implementation of the guarantee", she said.
It is hoped that the issuance of PMK can further accelerate the process of providing government guarantees for the political risks of implementing PSN and support the acceleration of infrastructure development.
"The issuance of this PMK is projected to further increase investor interest and foster the investment climate for the implementation of infrastructure development, especially for PSN development through mutually beneficial cooperation", concluded the Minister of Finance.
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