Indonesia Eximbank Partners with IIF to Align Export Credit Standards with OECD
Jakarta – The Indonesian Export Financing Institution (LPEI), known as Indonesia Eximbank, has signed a memorandum of understanding with PT Indonesia Infrastructure Finance (IIF) to align best international practice standards in export credit and credit guarantee schemes.
The signing of the memorandum of understanding and Cooperation Agreement also pertains to the provision of consultancy services and the integration of Environmental, Social, and Governance (ESG) principles.
This collaboration encompasses the development of policies, operational guidelines, and a risk management framework aligned with global sustainability principles. Additionally, through the memorandum and cooperation agreement, both institutions have agreed to conduct an ESG Workshop focused on implementing Organisation for Economic Co-operation and Development (OECD) standards.
Indonesia Eximbank’s Executive Director, Sukatmo Padmosukarto, stated that this partnership is not merely a matter of fulfilling sustainability aspects, but rather a concrete step in responding to global dynamics and demands.
“Through this synergy, Indonesia Eximbank reaffirms its role not only as an export financing institution, but also as a catalyst for enhancing national competitiveness through the application of responsible and sustainable business practices,” Sukatmo said in a written statement on Tuesday, 3 March 2026.
As a Special Mission Vehicle of the Ministry of Finance, Sukatmo stated that Indonesia Eximbank is committed to aligning its business practices with OECD standards. He described this effort as strategic for strengthening institutional preparedness in supporting the government’s agenda towards full OECD membership for Indonesia.
Meanwhile, the integration of ESG into business processes is expected to improve the quality of the export financing portfolio whilst encouraging domestic businesses to become more competitive and resilient in global markets. Indonesia Eximbank selected IIF as a strategic partner in view of its track record as a pioneer in implementing ESG in Indonesia.
IIF was established by the Indonesian Government together with multilateral and international financial institutions such as the International Finance Corporation (IFC), Asian Development Bank (ADB), DEG, and SumitomoMitsui Banking Corporation (SMBC), and has experience in implementing internationally-standard social and environmental protection standards.
IIF will provide strategic support to strengthen Indonesia Eximbank’s policies, systems, and internal capacity in the comprehensive implementation of ESG principles. This support includes strengthening ESG policies, environmental and social risk management systems, and carbon emissions management, which will collectively support compliance with international standards and criteria.
IIF’s President Director, Rizki Pribadi Hasan, stated that this cooperation represents a strategic step for IIF to support company transformation in Indonesia through the strengthening of a structured ESG framework. He believes that ESG implementation will create long-term added value for both institutions.
In addition to providing financing for infrastructure projects, IIF also actively provides consultancy services to the public and private sectors, including feasibility study preparation, transaction advisory, financial advisory, strategy and business advisory, economic and financial assessment, social and environmental advisory, and policy advisory.