Wednesday, 21 September 2022 10:33

Indonesia Eximbank Collaborates with Indonesian AID to Strengthen Financing and Export Facilities

The Indonesia Eximbank (LPEI) cooperates with the International Development Cooperation Fund or LDKPI (Indonesian AID) to encourage economic recovery, one of which is through export growth. Based on Statistics Indonesia data in August 2022, Indonesia's export performance recorded a record high in history by reaching USD 27.91 billion, an increase of 30.15% on an annual basis (yoy) and 9.17% on a monthly basis compared to July 2022. LPEI Executive Director Rijani Tirtoso said, LPEI as one of the Special Mission Vehicles (SMV) under the supervision of the Ministry of Finance (Kemenkeu) has a mandate to support export development. According to him, the existence of LPEI is a manifestation of the state being present to help export players, especially export-oriented MSMEs to develop and advance their businesses to the global arena. “To increase national exports, LPEI provides support in the form of providing financing, guarantee, insurance and consulting services. With the facilities provided by LPEI, it is hoped that the synergy with LDKPI in order to optimize the implementation of this grant can support international development and increase national exports," said Rijani in his statement, Wednesday (21/9).

He continued, the commitment of the two institutions to synergize and collaborate was considered to be complementary to the provision of national export services and facilities. "We hope that in the future, collaboration opportunities with LDKPI can continue to be increased while creating benefits that are expected to increase the role and contribution of LPEI in supporting international development cooperation," he explained. Meanwhile, the President Director of LDKPI Tormarbulang Lumbantobing welcomed the strategic cooperation to support various facilities owned by LPEI. Among other things, through fund management policies aimed at running optimal service programs, as well as supporting sustainable government fiscal policies. “This collaboration is expected to encourage increased exports, especially in non-traditional markets through financing packages and grants in the form of international development cooperation. The granting is expected to support the introduction and increase the attractiveness of foreign consumers for national products," he added.




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