The Jakarta Post
The government has set its sights on diversifying its funding sources for big ticket infrastructure projects to the United States after earlier this year proposing $91.1 billion infrastructure projects to be funded by China.
Coordinating Maritime Affairs Minister Luhut Pandjaitan said Indonesia would be one of the first in the queue to participate in the US government’s development program designated for developing countries. The program will be under the International Development Finance Corporation (IDFC), which was mandated to be created by the 2018 BUILD Act.
The IDFC will finance infrastructure projects in emerging economies, a direct competition to China’s Belt Road Imitative (BRI), to counter China’s growing influence as the world’s two largest economies jolted the global economy with a trade war.
“I recently met with Jared Kushne...