Purbaya Claims AIIB Commits Rp 301.8 Trillion in Funding
Finance Minister Purbaya Yudhi Sadewa has announced a significant outcome from his visit to China this week, claiming to have secured a funding commitment of US$17 billion, or approximately Rp 301.8 trillion, from the Asian Infrastructure Investment Bank (AIIB). The support from the Beijing-based multilateral development institution will be disbursed over the 2025–2029 period.
“The most important thing is that we managed to secure around US$17 billion in funding for development projects in Indonesia between 2025 and 2029. This is a very substantial contribution to financing development projects in Indonesia,” Purbaya said in an official statement on Wednesday, 17 June 2026.
The commitment was a key achievement of bilateral meetings between Purbaya and AIIB leadership in Beijing. The minister explained that while some programmes had been previously designed, the government succeeded in ensuring the continuity of the national development agenda for the coming years.
Additionally, AIIB expressed interest in opening a representative office in Jakarta to strengthen cooperation and improve coordination of projects supported by the financial institution. “We certainly welcome this intention, and I hope the office can be established by June next year,” Purbaya stated.
Purbaya’s visit to China commenced on 16 June 2026, with one of its primary objectives being the promotion of Panda Bonds, debt securities denominated in Chinese yuan. Suminto, Director General of Financing and Risk Management at the Ministry of Finance, explained that the visit is part of a regular non-deal roadshow, which is essential as this marks the government’s inaugural offering of such bonds. “Since this is the first issuance, we need to meet with investors in mainland China as well as the authorities,” Suminto said in Senayan, Jakarta, on Monday, 15 June 2026. He noted that institutional investors to be met during the roadshow include Agriculture Bank of China, Zhong Ou Asset Management, and ICBC Wealth Management. The government will also appoint several financial institutions to act as Joint Lead Managers to arrange the distribution of the Panda Bonds.