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Jakarta Post

Blended finance to help reach development goals in Indonesia

  • Febrian Alphyanto Ruddyard

    Director general for multilateral affairs, Foreign Ministry

Jakarta   /   Thu, September 26 2019   /  01:14 am

Leaders from all over the world this week gather in New York to attend the high-level events of the annual United Nations General Assembly. Sustainable development is high on the agenda, related to climate change, Agenda 2030 on Sustainable Development (SDGs), universal health coverage, financing for development and a lot more.Under the multilateral agreements, countries including Indonesia have committed themselves since 2015 to the Agenda 2030 on SDGs, and related international commitments, such as the Paris Agreement on Climate Change and the Addis Ababa Action Agenda on financing for development.Strong commitment is a promise that needs to be delivered on with secure and adequate financing. Indonesia is determined to utilize blended finance as an innovative financial mechanism to fund its international commitment goals, which are in line with Indonesia’s national priority strategie...