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Jakarta Post

Eximbank aims to disburse Rp 111 trillion, sets new priorities

  • Made Anthony Iswara

    The Jakarta Post

PREMIUM
Jakarta      /   Mon, May 13, 2019   /  06:22 am
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Aerial view of Tanjung Priok industrial port with container ships.(Shutterstock.com/Creativa Images)

Amid sluggish export growth in the first quarter, Eximbank has set its eyes on new priorities as the lender is set to disburse Rp 111 trillion (US$7.69 billion), or only a 2 percent growth this year, from Rp 108 trillion they channeled last year. Among the factors contributing to the low targets and stagnant exports, said Eximbank executive director Sinthya Roesly, was the trade war between China and the United States. But she argued that the conflict could potentially give room for a global market shift to Indonesia for industries like textiles and fisheries, while tapping into non-traditional markets like Africa and the Middle East where opportunities are “plenty”, she said. Besides, she said the yearly target could misrepresent their main objective. As a state-owned lender, Eximbank prides itself on its contribution to the economy, she added, ranging f...