TEMPO.CO, Jakarta - Finance Minister Sri Mulyani Indrawati confirmed that the Indonesian government has established a financing partnership with the Saudi Fund for Development worth USD 1 billion.
Sri Mulyani stated that USD 750 million will be used to fund Indonesian development programs. "Actually, [the partnership] is still too general and has not gone into detail," Sri Mulyani said on Thursday, March 2, 2017.
Sri Mulyani asserted that based on Saudi Fund's experience in many countries, the funds will mostly invest in infrastructure projects. "It can also be used for financing and we can combine it with financing from other sources," Sri Mulyani said.
Sri Mulyani added that the rest USD 250 million will be used to fund non-oil export from Saudi Arabia to Indonesia. "They might have other non-oil products needed by Indonesia," Sri Mulyani stated.
Sri Mulyani however, denied that the financing program will be channeled in the form of a loan. "It's not a loan, not at all," Sri Mulyani explained.
GHOIDA RAHMAH | ADITYA BUDIMAN