Media GlobalMarkets honors Indonesia as the best debtor

BigBussiness – GlobalMarkets named Indonesia 2020 as “Best Public Debt Office / Sovereign Debt Management Office in East Asia Pacific” or the best sovereign borrower in responding to the Covid-19 pandemic in East Asia in the Pacific through debt management under the Directorate-General for Finance and Risk Management in Ministry of Finance.

GlobalMarkets is a newspaper published at the annual meetings of the IMF World Bank, the European Bank for Reconstruction and Development, the Asian Development Bank, the Asian Infrastructure Investment Bank and the Inter-American Development Bank.

“This achievement would not have been possible without the guidance of our Minister of Finance, Mrs Sri Mulyani. I award this prize to the team at the Ministry of Finance DJPPR for their hard work and commitment,” said PPR Director General Luky Alfirman, referring to the global capital of Jakarta, Thursday ( 15/10). / 2020).

“This is a huge award especially in this unique and challenging time of year. This award is a testament that we are on the right path. However, our journey to get better will never end. This award will serve as a reminder and motivation for that we can, and must, be better next year and every next year, “Luky added.

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Indonesia has succeeded in achieving excellent results in obtaining funding, both conventional funding as an example of the issuance at the beginning of Covid-19 in April last year of $ 4.3 billion in green funding for sharia-based environments such as Green Sukuk to a worth $ 2.5 billion in June last year, and even funding from the Japanese market, whose investors are known to be very rigid and cautious in 2018 with the issuance of Samurai bonds worth $ 100 billion or $ 943 million.

Indonesia has long been regarded as one of the smartest sovereign borrowers in Asia alongside the Philippines and China.

The Indonesian debt management team also received support from Bank Indonesia as the central bank with burden sharing and bought USD40 billion of government debt securities as the last resource with an effective interest rate of 0 percent.

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