Indonesia Productive and Sustainable Investment Development Policy Loan (WB-P508323)

Countries
  • Indonesia
Geographic location where the impacts of the investment may be experienced.
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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Mar 27, 2025
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of Indonesia - Ministry of Finance
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Finance
  • Industry and Trade
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 1,500.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 1,500.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ WB website

Updated in EWS Mar 4, 2025

Disclosed by Bank Feb 6, 2025

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Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the objective of this project is to mobilize finance and enable markets for productive, sustainable and resilient investment.

Expected results are in deepening the financial sector and mobilizing investment demand in productive and green sectors. On the one hand, key expected results include expanding SME access to finance, improving access to banking services through better credit information systems, and increasing liquidity in local capital markets. Additionally, the introduction of climate risk analysis and risk management policies in the banking sector is expected to facilitate green investment strategies, contributing to Indonesia's decarbonization efforts and climate resilience. On the other hand, the operation is also expected to mobilize investment through the successful auction of additional spectrum to mobile network operators, driving significant investments in digital infrastructure, improving mobile internet speeds, and expanding rural coverage.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

According to the Program Information Document (PID), the operation does not foresee direct and significant impacts on the environment, forests, or natural resources from the reform measures it supports. 

Risk rating is not available at the time of disclosure.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

World Bank Lending: US$ 1500.00 million


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

World Bank

Wael Mansour
Senior Economist

Ou Nie
Financial Sector Economist

Alexandre Hugo Laure
Senior Private Sector Specialist

Borrower/Client/Recipient

Ministry of Finance
Dian Lestari
Director Loans and Grants
dian.lestari74@kemenkeu.go.id

Implementing Agencies

Ministry of Finance
Dian Lestari
Director Loans and Grants
dian.lestari74@kemenkeu.go.id

ACCESS TO INFORMATION

To submit an information request for project information, you will have to create an account to access the Access to Information request form. You can learn more about this process at: https://www.worldbank.org/en/access-to-information/request-submission

ACCOUNTABILITY MECHANISM OF THE 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. Information on how to file a complaint and a complaint request form are available at: https://www.inspectionpanel.org/how-to-file-complaint

How it works

How it works