Indonesia Financial Sector Reform Development Policy Financing (WB-P170940)

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
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
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.
Borrower
The Government of the Republic of Indonesia
The holder of the loan, grant, or other investment.
Sectors
  • Law and Government
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 300.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 300.00 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)
$ 300.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Aug 24, 2019

Disclosed by Bank Jun 24, 2019


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Project Description

According to the bank document, the program development objective of this programmatic operation is to support financial sector reforms that will assist the Government of Indonesia (GoI) in achieving a deep, efficient and resilient financial sector. This programmatic DPL series is structured around the following three pillars and set of objectives: 

• Pillar A: Increasing the Depth of the Financial Sector. Pillar objectives: to expand the size of the financial sector through increasing outreach, broadening financial market products and mobilizing long-term savings.

• Pillar B: Improving the Efficiency of the Financial Sector. Pillar objectives: to lower the costs for individuals and enterprises through a reliable insolvency and creditor rights regime, consumer and data protection and interoperability of payment systems.

• Pillar C: Strengthening the Resilience of the Financial Sector. Pillar objectives: to strengthen the capacity of the sector to withstand financial and non-financial shocks through sustainable finance practices, a harmonized legal framework, and a stronger resolution framework.

Investment Description
  • World Bank (WB)

World Bank Lending US$ 300.00 million

Contact Information

1/World Bank
Francesco Strobbe
Senior Financial Sector Economist

2/Borrower/Client/Recipient
Republic of Indonesia

3/Implementing Agencies

Fiscal Policy Agency, Ministry of Finance
Contact: Luky Alfirman
DG of Budget Financing and Risk Management

Email: luky.alfirman@kemenkeu.go.id

Contact: Suahasil Nazara
DG of Fiscal Policy Unit
Email: bkf@fiskal.depkeu.go.id

FOR MORE INFORMATION CONTACT
The World Bank
1818 H Street, NW
Washington, D.C. 20433
Telephone: (202) 473-1000
Web: http://www.worldbank.org/projects

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.