Purbaya Optimistic PFII Will Become an Integrated World-Class Financial Ecosystem

Finance Minister Purbaya Yudhi Sadewa has emphasised that the presence of the Indonesian International Financial Centre (PFII) is not intended to replace the existing domestic financial system, but rather to complement it with a world-class integrated ecosystem. He made the statement while delivering the final opinion on behalf of President Prabowo during the House of Representatives’ 26th Plenary Session for the 2025-2026 Session Period, following the ratification of the PFII Law. ‘This PFII Bill was born from the awareness that as the largest country in Southeast Asia and a member of the G20, it is time for Indonesia to have its own financial centre that is credible, independent, has integrity, and is globally competitive,’ Purbaya said on Tuesday, 21 July 2026.

During the deliberation process by the Working Committee up to the Level I Talks, Purbaya explained that the Government and the House had engaged in constructive discussions regarding the development of the PFII concept. The aim was to ensure that the PFII Law is not only attractive to global investors but also ensures alignment with national interests. Purbaya explained that the law rests on three main pillars, one of which is access to capital and investment. The PFII will attract foreign capital flows and quality portfolio investments on a sustainable basis as a source of long-term financing to enlarge the national economic pie. The hope is that Indonesia’s economy can grow faster towards the 8% target set by President Prabowo Subianto.

‘If the national economy can develop larger and grow faster, this will yield significant long-term benefits for national development across all regions of Indonesia,’ Purbaya stated. He added that a new tax base would also be created, along with new job opportunities as a multiplier effect of the availability of new long-term financing sources from the international community. The second pillar is innovation and governance. Purbaya explained that the PFII will build a comprehensive financial services ecosystem, supported by cutting-edge technology, world-class cybersecurity, and fortified by the principles of good governance and international financial management best practices. The distinctiveness of the PFII also lies in the strengthening of legal aspects, namely the existence of a PFII court and a PFII arbitration body that are efficient, consistent, and independent. The PFII court will prioritise certainty and justice for business actors, while upholding the sovereignty of the Indonesian legal system.