SMI Says It Received IDR 46.95 Trillion Funds for SDGs Indonesia One

Director of Public Financing and Project Development of Sarana Multi Infrastruktur (SMI) Faaris Pranawa said SMI had obtained funds of USD 3.2 billion or equivalent to IDR 46.95 trillion (exchange rate of IDR 14,672 per US dollar) for the SDGs Indonesia One platform from 35 partners." In March 2022, we have great support from partners, amounting to USD 3.2 billion from 35 partners," he said at the G20 side event wrbinar related to mixed financing, Monday (23/5/2022).

He said development financial institutions such as SMI have an important role as local intermediaries to manage risks from financing sustainable development programs. Therefore, in 2018, SMI built Indonesia SDGs One as an integrated funding cooperation platform to support infrastructure development that is oriented towards achieving the Goals. Sustainable Development.

Indonesia is noted to need financing for sustainable development programs of up to IDR 18,911 trillion throughout 2020 to 2024 and needs IDR 6,445 trillion to close the financing gap for infrastructure development. as our main mandate, but also to help achieve the SDGs," he said.

Expert Staff to the Minister of National Development Planning/Bappenas for Social Affairs and Poverty Reduction Vivi Yulaswati said there are four challenges for mixed financing for sustainable development programs.

Furthermore, Indonesia also lacks mixed financing facilities that can accommodate financing from the private sector. "As for the private sector, there are two main investment challenges in mixed financing, namely the perceived high and real risk, and poor returns for the same risk as financing. other programs," he said.

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