TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search results
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search resultsINA seals $594m financing deal with Canada’s state lender
EDC allocated financing for Indonesia’s sovereign wealth fund, particularly for projects in priority sectors such as infrastructure, cleantech, renewable energy, as well as agriculture and food.
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Clean energy: A solar power plant is seen surrounded by rice fields on March 5 in Sengkol village, Central Lombok regency, West Nusa Tenggara. Government data shows that renewable energy contributed 11.5 percent to the energy mix last year, up from 11.2 percent in 2020. (Antara/Ahmad Subaidi)
T
he Indonesia Investment Authority (INA) has signed a memorandum of understanding (MoU) worth CAD$825 million (US$594 million) with Canada’s export credit agency, Export Development Canada (EDC), to bolster bilateral investment opportunities.
Under the agreement, EDC has allocated financing for Indonesia’s sovereign wealth fund, particularly for projects in priority sectors such as infrastructure, clean technology, renewable energy, as well as agriculture and food.
The MoU outlines financing solutions and joint opportunities with an Indonesia-Canada nexus across priority sectors, leveraging “EDC’s global financing capabilities and INA’s deep local insight.”
Ridha Wirakusumah, CEO of INA, said the partnership reflected the shared commitment of the two institutions “to build a mutually beneficial platform between Canada and Indonesia.”
The partnership is expected to strengthen INA’s role in channeling investment into sectors critical to Indonesia’s long-term competitiveness, Ridha added.
“Beyond financing, the collaboration is about structuring credible opportunities that attract global capital, bring innovation and deliver tangible socioeconomic impact. In doing so, we aim to deepen trust and create lasting opportunities that drive shared prosperity for both countries,” she stated in a press release on Thursday.
Todd Winterhalt, Senior Vice President of International Markets at EDC, highlighted that Indonesia is one of the fastest-growing economies in the Indo-Pacific region and has become a major investment destination for Canadian exporters.
