Municipal Bond Issuance and Infrastructure Finance (ADB-46380-035)

Countries
  • Indonesia
Where the impacts of the investment may be experienced.
Specific Location
Nation-wide
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
U
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
Oct 15, 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.
Borrower
Republic of Indonesia
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.53 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 0.53 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Other Related Projects
Primary Source

Original disclosure @ ADB website

Updated in EWS Mar 27, 2019

Disclosed by Bank Sep 25, 2018


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Project Description

The Government of Indonesia has plans to establish the country's first municipal bond issuance program. This is to help raise funds for infrastructure and other development expenditures at sub-national government level. This will be piloted by DKI Jakarta and Central Java.

Another priority initiative is the introduction of new infrastructure financing products in support of private sector investment in infrastructure through the state-owned infrastructure financing company, PT Sarana Multi Infrastruktur (PT.SMI) as well as the Indonesia Infrastructure Facility (IIF) and the Indonesia Infrastructure Guarantee Fund (IIGF).

 

Investment Description
  • Asian Development Bank (ADB)

TA 9615-INO: Municipal Bond Issuance and Infrastructure Finance

Government of Australia US$ million 0.53

Private Actors
Contact Information

Executing Agencies

Coordinating Ministry for Economic Affairs also known as Kementerian Koordinator Bidang Perekonomian (KKBP)
2nd Floor, Jl Lapangan
Banteng Timur 2-4
Jakarta Pusat 10710

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main