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Economy / Indonesia

Indonesia

September 2010 | Ratings Update

The Asian Development Bank (ADB), International Finance Corporation (IFC), German Investment Corporation (DEG) and Indonesia's state agency for infrastructure development, PT Sarana Multi Infrastruktur (PT SMI), have jointly established PT Indonesia Infrastructure Finance (IIF), a non-bank finance company specifically designed to buttress the development of infrastructure projects in Indonesia. The IIF has seed money of INR1.6trn (US$179.2mn) from its founders and is expected to provide long-term financing and advisory services to high-priority government infrastructure projects such as telecommunications, power generation, toll roads, ports, and water-line expansion.

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