Blended Finance For The Cost Of Green Projects, BI Boss Asks To Continue Digly As A Form Of Economic Transformation

Governor of Bank Indonesia Perry Warjiyo. (Photo: Doc. Antara)

JAKARTA - Governor of Bank Indonesia (BI) Perry Warjiyo believes that the mixed finance scheme or blended finance is the most appropriate way to finance green and inclusive projects.

"It's not just a commercial financial scheme or social finance, but a mixed financial scheme. We have a project that is a combination of education and commercial malls," Perry said at The 8th International Islamic Monetary Economics and Finance Conference and Call for Papers (IIMEFC) quoted by Antara, Wednesday 5 October.

In financing, he explained that usually there are commercial financial schemes that are well known to the public.

However, in addition, there are also social financing that is usually in the form of sharia finance such as zakat, infaq, alms, and productive waqf.

In order to design a financial structure, a mixed financial scheme, he assessed, it must continue to be explored so that it can become a form of economic transformation.

"That way, the financing structure can consist of state sharia securities (SBSN) aka sukuk which can be commercialized, waqf, or zakat, infaq, and alms. So, a mixture of commercial and social finance," he said.

On the other hand, Perry said that the mixed financial scheme must continue to be campaigned to be able to invite all parties to participate.

BI, every year, continues to make green economy campaigns through various events, namely regional sharia economic festivals and international sharia economic festivals.

"Let's campaign to change our behavior, beliefs, and way of moving forward. Don't go back to the old ways in economic development because in the new normal era now, economic progress has always been green, inclusive, and digital," Perry said.