Indonesia, U.S. agree on infrastructure finance agreement

Indonesia, U.S. agree on infrastructure finance agreement - Financial Markets Worldwide

No results matched your search

Economy12 hours ago (Sep 19, 2020 01:20AM ET)

© Reuters. The third annual U.S.-Qatar Strategic Dialogue is held at the State Department in Washington© Reuters. The third annual U.S.-Qatar Strategic Dialogue is held at the State Department in Washington


JAKARTA (Reuters) – Indonesia has signed an agreement with the United States to strengthen infrastructure financing through private sector investment, Indonesia’s Finance Ministry and the U.S. Treasury Department said on Friday.

U.S Treasury Secretary Steven Mnuchin signed the agreement with Indonesia’s Finance Minister Sri Mulyani Indrawati remotely on Friday, according to a statement posted on the U.S. Treasury Department’s website.

Rahayu Puspasari, spokeswoman for Indonesia’s Finance Ministry, said in a separate statement that the agreement would bolster the development of capital markets and financial instruments to “facilitate and reduce the barriers to private sector investment in infrastructure.”

Puspasari added that the agreement would help improve asset recycling capacity, impact assessment for the financing already given, and credit enhancement.

“The engagement supports the broader U.S. Government Indo-Pacific Strategy by complementing ongoing efforts under the Enhancing Development and Growth through Energy (Asia EDGE) and the Infrastructure Transaction and Assistance Network (ITAN),” said the U.S. Treasury Department.

Related Articles

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

XL subscribe to our newsletter banner

Get the latest news and advice on COVID-19, direct from the experts in your inbox. Join hundreds of thousands who trust experts by subscribing to our newsletter.

Send your news and stories to us or and WhatsApp: +447747873668.

Before you go...

Democratic norms are being stress-tested all over the world, and the past few years have thrown up all kinds of questions we didn't know needed clarifying – how long is too long for a parliamentary prorogation? How far should politicians be allowed to intervene in court cases? To monitor these issues as closely as we have in the past we need your support, so please consider donating to The Climax News Room.

0 0 vote
Article Rating
Notify of
Inline Feedbacks
View all comments