Golkar MPR Faction Chair Reveals Expert Institutions to Oversee Regional Bonds

The Golkar Party Faction (FPG) of the MPR has stated that specific institutions will oversee the issuance of regional bonds to prevent payment defaults. These institutions will analyse whether a region is eligible to issue bonds based on its financial capacity.

“During the issuance process, there will be institutions, underwriters, and accountants who will all assess a region’s capability. They will analyse whether it is appropriate for a region to issue bonds and determine the appropriate scale of the issuance,” said the Chair of the Golkar Party Faction of the MPR RI, Melchias Markus Mekeng, in the Pondok Aren area, South Tangerang, on Monday (8/6/2026).

Mekeng noted that these institutions will serve to safeguard investor confidence by monitoring legality, finances, and project viability. “The involved institutions are experts on a global scale. They cannot be bypassed because they maintain investor trust. They must examine the legal, financial, and project-related aspects; all must be involved,” he said.

Mekeng explained that the Regional Bond Law, which is currently being pushed for formation, is a crucial development. He stated that the law will provide necessary guarantees for investors. “The fact is, until now, no one has issued them because there is no certainty for investors. That certainty must be enshrined in the law. Therefore, the issuance of the Law on Regional Bonds and Regional Sukuk is very urgent,” he added.

Mekeng aims to complete the academic draft of the Regional Bond Bill (RUU) by August this year. He hopes the bill will be promptly discussed within the National Legislation Programme (Prolegnas) once the academic manuscript is finalised. “We are currently drafting the academic manuscript. We are about to begin Chapter 1, and we hope the academic manuscript can be completed by August. We will then officially submit it to the DPR to be included in the Prolegnas and discussed as a law,” Mekeng concluded.