Lembaga Pembiayaan Ekspor Indonesia (MIGA-13327)

  • Indonesia
Where the impacts of the investment may be experienced.
Financial Institutions
  • Multilateral Investment Guarantee Agency (MIGA)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 28, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Goldman Sachs (Asia) LLC
The holder of the loan, grant, or other investment.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 400.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ MIGA website

Updated in EWS Oct 7, 2019

Disclosed by Bank May 17, 2018

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Project Description

According to MIGA's website, the MIGA guarantee will be an amount of up to US$400 million, including principal, interest and premium, for a period of up to 11 years against the risk of Non-Honoring of Financial Obligations by a State-Owned Enterprise (NHSOE). Under this proposed project, the lenders will extend a loan facility denominated in US dollars to Indonesia Eximbank to strengthen and diversify Eximbank's funding base and support Indonesia Eximbank's mission to grow exports, diversify export markets, and better match assets and liabilities.

It aims to provide longer tenor funding to Indonesian exporters, increasing its scope and contributing to the diversification of the Indonesian economy by supporting the progressive expansion into new, non-commodities-driven export markets.

Investment Description
Financial Intermediary
Financial Intermediary: A commercial bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients (private actors) in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds. The direct financial relationship is between the development bank and the financial intermediary.
Private Actors Description

Indonesia Eximbank is a financial institution-owned (100%) by the Government of the Republic of Indonesia, which was established pursuant to Law No. 2 of 2009. Indonesia Eximbank was specifically created to provide National Export Financing in the form of financing, guarantees and insurance, as well as advisory services conventionally and on sharia principle-basis, domestically or overseas. It provides working capital, investment and buyer's credit, insurance, and coaching and advisory services, and supports the National Interest Account (the national export program) with the aim to improve Indonesian trade competitiveness in the global market. It also supports export-oriented infrastructure projects, and trade by corporations and SMEs in more than 60 countries.

Contact Information

*There is no further information being disclosed at this stage of the project*


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