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Jakarta Post

Indonesia to issue first green bonds in 2018

  • Rachmadea Aisyah

    The Jakarta Post

Jakarta   /   Tue, February 6 2018   /  12:23 am

Green financing: National Development Planning Minister’s assistant for development financing Kennedy Simanjuntak (left), Climate Bonds Initiative CEO Sean Kidney (second left), PT EBA Indonesia president director Yudhi Ismail (second right) and PINA CEO Ekoputro Adijayanto exchange documents after the signing of an agreement on green bonds in Jakarta on Monday. (Antara/Audy Alwi)Indonesia is set to release its first green bonds this year as it seeks alternative financing to support a wide range of costly infrastructure projects. Such bonds will be part of non-state budget investment financing (PINA). The National Development Planning Board, which is in charge of managing the finances, is trying to secure funds for 34 infrastructure projects worth Rp 348.2 trillion (US$25.79 billion) from sources other than the state budget this year.The government expects to fund three projects of th...