Jakarta (ANTARA) - Finance Minister Suahasil Nazara has explored\nsupport from the Japan Bank for International Cooperation (JBIC) for\ninfrastructure and energy projects.<\/p>\n
The discussions took place during a bilateral meeting with the JBIC\ngovernor in Bangkok, Thailand.<\/p>\n
Suahasil said in a press statement in Jakarta on Thursday that the\ntalks included support for developing a waste-to-energy facility in\nLegok Nangka, West Java. He also encouraged exploration of potential\ncooperation between JBIC and state-owned infrastructure financing firm\nPT Sarana Multi Infrastruktur (Persero), covering both new and ongoing\nprojects.<\/p>\n
On energy security, the two sides discussed opportunities to\nstrengthen energy supplies and support the development of projects\naligned with Indonesia\u2019s development priorities.<\/p>\n
Suahasil reaffirmed Indonesia\u2019s commitment to achieving net-zero\nemissions by 2060 or earlier, and to developing a carbon market as part\nof the transition to a low-emissions economy.<\/p>\n
Discussing the carbon tax, he stressed that the instrument was not\nsolely about raising state revenue, but was also intended to encourage\nbusinesses to adopt more environmentally friendly practices.<\/p>\n
\u201cFor me, implementing a carbon tax is not simply about generating\nmore revenue. The policy is intended to provide incentives for\nbusinesses to adopt practices that are more carbon-friendly,\u201d he\nsaid.<\/p>\n
Alongside the meeting with JBIC, Suahasil held a series of bilateral\ndiscussions with Thailand, Singapore, the World Bank and the\nInternational Finance Corporation (IFC).<\/p>\n
In his meeting with the World Bank, the minister discussed the\nchallenge of maintaining fiscal credibility while supporting economic\ngrowth. The talks focused on balancing growth targets, limited resources\nand the effectiveness of government spending.<\/p>\n
The World Bank said it was ready to support Indonesia\u2019s development\npriorities, including the development of micro, small and medium-sized\nenterprises (MSMEs) through a strategy focused on digital finance and\nthe Agricollect initiative in the agricultural sector. The bank also\noutlined its involvement in health programmes in Indonesia.<\/p>\n
With the IFC, Suahasil explored ways to strengthen exports and\nsupport MSMEs.<\/p>\n
At a meeting with Singapore\u2019s Second Minister for Finance, Indranee\nRajah, Suahasil exchanged views on the region\u2019s economic outlook and\nopportunities to deepen financial cooperation within ASEAN. Discussions\ncovered carbon market development, the use of blended finance to support\nnature-based solutions, and stronger infrastructure and energy\nconnectivity, including through the ASEAN Power Grid.<\/p>\n
The two sides also discussed opportunities to share experience in the\nuse of artificial intelligence and digitalisation. The regional\ncooperation is expected to strengthen connectivity, expand business\nopportunities and support sustainable economic growth.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/finance-minister-explores-jbic-support-for-infrastructure-and-energy-projects-1792072356", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }