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Government/Foreign Direct Investment, Infrastructure, Energy

Indonesia PPP Day

Beyond Boundaries: Indonesia as a Global PPP Investment Destination

Singapore |
Speakers include:
Sri Mulyani Indrawati

Sri Mulyani Indrawati

Government of Indonesia

Rudiantara .

Rudiantara .

Government of Indonesia

Bambang Permadi  Soemantri Brodjonegoro

Bambang Permadi Soemantri Brodjonegoro

Government of Indonesia

Overview

Beyond Boundaries: Indonesia as a Global PPP Investment Destination, an Indonesia PPP Day event, will examine the opportunities and challenges in Indonesia’s PPP ecosystem, and explore how public- and private-sector investors, financiers, multilateral agencies, funds, contractors and infrastructure experts can work together to realise its full potential.

Presented by the Financial Times, the event is co-hosted by Indonesia's Ministry of Finance, the Government of Canada and the World Bank, with the support of Indonesia Infrastructure Finance, Penjaminan Infrastruktur Indonesia and Sarana Multi Infrastruktur.

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fallback Add to my Calendar 01/15/2019 08:00:0001/15/2019 15:00:00trueIndonesia PPP DayBeyond Boundaries: Indonesia as a Global PPP Investment Destination, an Indonesia PPP Day event, will examine the opportunities and challenges in Indonesia’s PPP ecosystem, and explore how public- and private-sector investors, financiers, multilateral agencies, funds, contractors and infrastructure experts can work together to realise its full potential.Presented by the Financial Times, the event is co-hosted by Indonesia's Ministry of Finance, the Government of Canada and the World Bank, with the support of Indonesia Infrastructure Finance, Penjaminan Infrastruktur Indonesia and Sarana Multi Infrastruktur.Indonesia-PPP-Day13d1919f649b1027e68ce8c5ad2d162dMM/DD/YYYY

Indonesia PPP Day Pre-event Leaflet

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Full Overview

To meet a shortfall in financing for its infrastructure needs, Indonesia is looking towards multilateral agencies, institutional investors and private funds, among others. Within this strategy, Public Private Partnerships (PPPs) are an important way to harness finance to develop essential infrastructure in exchange for revenue from projects or services. PPP schemes are expected to meet about 36.5% of the funding gap.

To encourage investment, the Indonesian government has been liberalising regulation and policy on PPPs, including on the critical issue of land acquisition. PPPs also are bolstered by state financing institutions, such as the Indonesia Infrastructure Guarantee Fund, which has the support of the World Bank. The message is: PPP schemes are structurally and financially complex, but they offer robust investment opportunities for the private sector, and in Indonesia, the government will be proactive in helping companies to realise returns on investment.

Beyond Boundaries: Indonesia as a Global PPP Investment Destination, an Indonesia PPP Day event in collaboration with the Financial Times, will examine the opportunities and challenges in Indonesia’s PPP ecosystem. To determine how investors, financiers, multilateral agencies, funds, contractors and infrastructure experts can work together to realise the full potential of PPPs, this exclusive event will explore three key issues:

  • Creating bankable projects
  • Building a competitively neutral and high-quality procurement process
  • Addressing the political and currency-mismatch risks that continue to affect foreign private investment in Indonesia’s infrastructure

Presented by the Financial Times, the event is co-hosted by Indonesia's Ministry of Finance, the Government of Canada and the World Bank, with the support of Indonesia Infrastructure Finance, Penjaminan Infrastruktur Indonesia and Sarana Multi Infrastruktur.

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Speakers (8)

Sri Mulyani Indrawati

Sri Mulyani Indrawati

Minister of Finance
Government of Indonesia

Sri Mulyani Indrawati is Minister of Finance in the Government of Indonesia, a position she has held since July 2016. An economist, she concurrently chairs the Development Committee, a ministerial-level forum of the World Bank Group and the International Monetary Fund for intergovernmental consensus-building on development issues. Sri Mulyani previously served as the World Bank's Managing Director and Chief Operating Officer, where she was responsible for the Bank's operations around the world and often represented the World Bank Group at the G20. She also chaired the International Development Association, the World Bank's fund for the poorest countries.

Prior to joining the World Bank, she served as Indonesia’s Minister of Finance from 2005 to 2010, in addition to being the Coordinating Minister of Economic Affairs from 2008 to 2009. She was also the Minister of National Development Planning between 2004 and 2005. In 2006, Sri Mulyani was named Finance Minister of the Year by Euromoney magazine and Best Finance Minister in Asia by Emerging Market Forum. She recently won the Best Minister Award at the Sixth Annual Gathering of the World Government Summit 2018 in Dubai, UAE. Sri Mulyani holds a PhD in Economics and an MS in Economics from the University of Illinois, Urbana-Champaign, and a BA in Economics from Universitas Indonesia. 

Rudiantara .

Rudiantara .

Minister of Communication and Information Technology
Government of Indonesia

Rudiantara is Minister of Communication and Information Technology in the Government of Indonesia. In 2006 Rudiantara was appointed Vice-President Director at Perusahaan Listrik Negara, a state-utility company, where he was tasked with assisting the government’s fast-track programme. He was also Vice-President
Director at Semen Gresik, a state-owned cement maker. Rudiantara also has held posts on the board of directors or board of commissioners of a range of state-controlled and private companies, including Telkom, miner Rajawali Asia Resources and Bukitasam Transpacific Railways. Known for his strong managerial
skills and good understanding of financial markets, Rudiantara began his career as the General Manager of business development at Indosat in 1986, and held key executive positions in Indonesia’s main mobile carriers, including Director of Telkomsel, and Director of Corporate Affairs at XL. Rudiantara earned a bachelor’s degree in statistics from Bandung’s Padjadjaran University and a Master of Business Administration degree from the Indonesian Institute for Management Development.

Bambang Permadi  Soemantri Brodjonegoro

Bambang Permadi Soemantri Brodjonegoro

Minister for National Development Planning
Government of Indonesia

Bambang Permadi Soemantri Brodjonegoro is Minister for National Development Planning (Bappenas) in the Government of Indonesia. He was appointed to the  position by President Joko Widodo in July 2016. Previously, Bambang was Minister for Finance (from October 2014 to July 2016) in President Widodo’s Working Cabinet. He earlier served as Deputy Minister for Finance (from October 2013 to October 2014) in President Susilo Bambang Yudhoyono’s administration. A committed and  active academic, Bambang currently is also a Professor of Economics at the University of Indonesia. Prior to his ministerial positions, Bambang’s career has included Commissioner roles with Pertamina (a national oil & gas company), Aneka Tambang (a state-owned mining company), Adira Insurance, and PLN (the national electricity company). Bambang is active on several international boards, including the ASEAN Infrastructure Fund and the ASEAN+3 Finance and Central Bank Deputies Meeting. One of Indonesia’s leading economists, Bambang holds a bachelor’s degree in Economic Development and Regional Economy from the University of Indonesia
(1990), and master’s (1995) and PhD (1997) degrees in Urban and Regional Planning from the University of Illinois in the US. His areas of expertise include regional  economics, fiscal decentralisation, public finance, development economics, urban economics and transportation. He has been a guest lecturer in the Department of Urban and Regional Planning at the University of Illinois, Director General of the Islamic Research and Training Institute at the Islamic Development Bank, and Dean of the Faculty of Economics at the University of Indonesia. 

Budi Karya  Sumadi

Budi Karya Sumadi

Minister of Transportation
Government of Indonesia
Luky  Alfirman

Luky Alfirman

Director General, Budget Financing and Risk Management
Government of Indonesia

Luky Alfirman has been Director General of Budget Financing and Risk Management since November 2017. He was previously Expert Staff for State Revenue Policy, after being assigned in September 2015 to lead the Policy Analysis and Harmonization Center. Prior to that, he was named in 2011 as head of the Macroeconomic Policy
Center. Luky started his career at the Ministry of Finance in 1995 in the Directorate General of Taxes. On his return from studies in the US in July 2004, he became the
head of Institutional Sub-Section and Reporting of the Directorate General of Taxes. He was subsequently assigned to handle the reform programme or modernisation of tax administration. Born in Bandung on March 27, 1970, Luky in 2004 earned a PhD in Economics from the University of Colorado in the US.

Rodrigo  Chaves

Rodrigo Chaves

Country Director for Indonesia
World Bank

Rodrigo Chaves has been Country Director for Indonesia with the World Bank since August 2013. Prior to this position, he was Sector Director, Poverty Reduction and Economic Management Department, Latin America and the Caribbean Region (LCSPR). A national of Costa Rica, Rodrigo has worked at the World Bank for 20 years. His experience includes analytical and operational work in more than 45 countries in Latin America and the Caribbean, Eastern Europe, Central Asia, South Asia and East Asia. He has worked and written on macro- and micro-economic policies, including tax sufficiency, quality of fiscal expenditures, public service delivery at local level, financial market development, private sector, entrepreneurship, credit and investment, and rural development. Rodrigo led joint World Bank-International Monetary Fund Financial Sector Assessments of emerging market economies. Prior to joining the World Bank, he managed the operations of a small private bank and worked as a consultant to the Inter-American Development Bank, the World Bank, and USAID. Rodrigo holds a PhD in Economics from Ohio State University in the US.

Peter  MacArthur

Peter MacArthur

Ambassador of Canada to Indonesia and Timor-Leste
Government of Canada

Peter MacArthur has been Ambassador of Canada to Indonesia and Timor-Leste since September 2016. Prior to this, from 2012 to 2016, he served as director general
for South, Southeast Asia and Oceania, and before that, from 2009 to 2012, served as director general, global business opportunities, overseeing industry sectors, as well as science and technology cooperation. Mr MacArthur was director, China and Mongolia, in 2003 and 2004, and director, Trade Commissioner Service overseas
operations, from 1999 to 2003. At headquarters, he worked as deputy director, policy and strategic planning, from 1997 to 1999, and as deputy director on economic relations with Russia from 1990 to 1992. Mr MacArthur served as consul heading Canada’s then-new trade office in Mumbai from 1988 to 1990, and was trade commissioner in New Delhi in 1987 and 1988, after being trade commissioner in Moscow from 1984 to 1987. He joined the Department of External Affairs in 1982, following scholarship studies at l’Institut d'études politiques de Paris. He earned a Bachelor of Arts Joint Honours (Political Science and History) degree from McGill University in 1981.

Jyoti Shukla

Jyoti Shukla

Director, Singapore Infrastructure and Urban Development Hub
World Bank Group

Jyoti Shukla is Director of the Singapore Infrastructure and Urban Development Hub of the World Bank. Comprising 200 staff from the World Bank, International Finance Corporation and Multilateral Investment Guarantee Agency, the Singapore Hub focuses primarily on improving infrastructure services and promoting smart urban development through public-private sector partnerships. Ms Shukla joined the World Bank as a Young Professional in 1994 and has since held multiple positions, largely in the area of public-private partnerships in infrastructure. Her most recent position in the Bank Group has been as Director of the Global Water Practice. Ms Shukla holds master’s degrees from the Delhi School of Economics and the Woodrow Wilson School of Public and International Affairs at Princeton University. Before joining the World Bank, she held a faculty position at Princeton University and worked with a development consulting firm in India.

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Chair (1)

Stefania Palma

Stefania Palma

Singapore Correspondent
Financial Times

Stefania Palma is the Financial Times’ Singapore correspondent, covering the city-state, Malaysia and Indonesia. Travelling extensively across these markets, she reports on local economics, politics, finance and social issues. Prior to joining the Financial Times, Stefania was Asia Editor at The Banker magazine, part of the FT Group. In that role, she reported across Asia-Pacific, interviewing finance ministers, central bank governors, bank chief executive officers and economists. Her research took her to all corners of the region, from China to India, Bangladesh, Mongolia, Nepal, Brunei, Indonesia, South Korea, Japan and the Philippines, among other countries. In July 2017, she filmed an extended video interview with International Monetary Fund Managing Director Christine Lagarde in Washington DC and interviewed senior White House officials for a special report. Stefania read for an MPhil in Modern Chinese Studies at the University of Oxford, during which she
completed archival research and a language exchange at Peking University. She has a Bachelor’s degree in Economics from the School of Oriental and African Studies, UK, where she first started studying Mandarin Chinese. 

Agenda - 15th Jan

  • 8:00am
    Registration and breakfast
  • 8:50am
    Opening remarks from FT

    Stefania Palma, Singapore Correspondent, Financial Times

  • 9:00am
    Welcome from the Government of Indonesia

    Luky Alfirman, Director General of Budget Financing and Risk Management, Ministry of Finance, Government of Indonesia

  • 9:15am
    Indonesia’s infrastructure PPPs: A country’s perspective

    Peter MacArthur, Ambassador of Canada to Indonesia

  • 9:25am
    Indonesia’s infrastructure PPPs: A multilateral agency’s perspective

    Rodrigo Chaves, Country Director for Indonesia, World Bank

  • 9:35am
    Indonesia as a Global PPP Investment Destination: Creating bankable projects

    The creation of a pipeline of bankable projects is a critical criterion for Indonesia’s infrastructure PPPs to be truly successful. However, Indonesia falls short on this scale, mainly due to low capacity and an ineffective decision-making process by public-sector stakeholders. This has led to a sub-optimal pipeline and weak project planning and preparation. What are some of the planned measures to improve the pipeline? 

    Sri Mulyani Indrawati, Minister of Finance, Government of Indonesia
    Budi Karya Sumadi, Minister of Transportation, Government of Indonesia
    Rudiantara, Minister of Communication and Information Technology, Government of Indonesia
    Bambang Permadi Soemantri Brodjonegoro, Minister of National Development Planning, Government of Indonesia
    Jyoti Shukla, Director, Singapore Infrastructure and Urban Development Hub, World Bank Groupk

  • 10:05am
    Indonesia as a Global PPP Investment Destination: Building a competitively neutral and high-quality procurement process

    Indonesia’s PPP procurement framework is in a nascent stage, with relevant regulations passed only in 2015. Still to be addressed fully are competitive neutrality between domestic and foreign participants, and the different sets of interests that drive contracting agencies to overlook quality procurement processes. What mechanisms, policies and governance structures should be in place to ensure a smoother process for Indonesia’s infrastructure PPP projects?

    Sri Mulyani Indrawati, Minister of Finance, Government of Indonesia
    Budi Karya Sumadi, Minister of Transportation, Government of Indonesia
    Rudiantara, Minister of Communication and Information Technology, Government of Indonesia
    Bambang Permadi Soemantri Brodjonegoro, Minister of National Development Planning, Government of Indonesia
    Jyoti Shukla, Director, Singapore Infrastructure and Urban Development Hub, World Bank Group

  • 10:35am
    Indonesia as a Global PPP Investment Destination: Addressing the risks

    Indonesia has made progress in its PPP implementation because of initiatives such as land acquisition directives and “single-window” guarantees that have helped to enhance the attractiveness of investment in infrastructure PPPs. But political and currency-mismatch risks continue to affect foreign private investment in Indonesia’s infrastructure. The Indonesia Infrastructure Guarantee Fund addresses part of the problem, but other instruments can mitigate risk at different points in the infrastructure lifecycle. How is the government addressing the multiple risks for PPP stakeholders? 

    Sri Mulyani Indrawati, Minister of Finance, Government of Indonesia
    Budi Karya Sumadi, Minister of Transportation, Government of Indonesia
    Rudiantara, Minister of Communication and Information Technology, Government of Indonesia
    Bambang Permadi Soemantri Brodjonegoro, Minister of National Development Planning, Government of Indonesia
    Jyoti Shukla, Director, Singapore Infrastructure and Urban Development Hub, World Bank Group

  • 11:05am
    Closing remarks from FT

    Stefania Palma, Singapore Correspondent, Financial Times

  • 11:15am
    Panel: The role of SOEs in Indonesia’s PPPs

    Sri Mulyani Indrawati, Minister of Finance, Government of Indonesia, introduces the head of the Infrastructure Financing Management and leaders of three Indonesian state-owned enterprises (SOEs) who briefly discuss their roles in the country’s infrastructure PPP ecosystem.

    Luky Alfirman, Director General of Budget Financing and Risk Management, Ministry of Finance, Government of Indonesia
    Emma Sri Martini, President Director, Sarana Multi Infrastruktur
    Armand Hermawan, President Director, PT Penjaminan Infrastruktur Indonesia
    Harold Tjiptadjaja, Managing Director, Indonesia Infrastructure Finance

  • 11:35am
    Lunch is served
  • 12:45pm
    Close of Lunch Session
  • 1:00pm
    Deep-dive session

    Sarana Multi Infrastruktur, Penjaminan Infrastruktur Indonesia and Indonesia Infrastructure Finance will discuss technical details of projects offered to investors.

  • 3:00pm
    Close of event

Presented by (1)

The Financial Times is one of the world’s leading business news organisations, recognised internationally for its authority, integrity and accuracy. The FT marks 130 years in 2018 with a record paying readership of more than 940,000, three-quarters of which are digital subscriptions. It is part of Nikkei Inc, which provides a broad range of information, news and services for the global business community.

Supported by (3)

Indonesia Infrastructure Finance (IIF) is a private non-bank financial institution, supervised by the Ministry of Finance and established under The Ministry of  Finance Decree (PMK) No. 100/2009, with an objective to invest in commercially feasible infrastructure projects in Indonesia. As a catalyst in providing infrastructure financing in Indonesia, IIF works closely with infrastructure sponsors, financial sectors and the Government of Indonesia. IIF pioneers the availability of various specifically designed long-term financing instruments for infrastructure projects. As of 2018, IIF has become the Mandated Lead Arranger (MLA) to a total of three PPP projects, two in the water sector and one in the telecommunication sector, with a total project cost of more than US$300 million. IIF has served as a public-sector advisor for one of the water-sector PPP projects. 

PT Penjaminan Infrastruktur Indonesia is 100% Owned by Government of Indonesia under direct supervision of the MoF and established under The Ministry of Finance Decree (PMK) No. 8/2016. PT PII is formed as a Single Window in providing guarantees for infrastructure projects in order to enhance the credit worthiness of infrastructure projects. PT PII Guarantee supports the continuation of the project through a careful analysis of safeguard and establishes discipline in risk management for the benefit of the government so the fair risk allocation between government and private investor is achieved. Until 2018, PT PII has provided guarantee for 16 PPP Projects with total projects value of USD 12 billion and has aimed USD 14.5 billion of guarantee project value.

PT Sarana Multi Infrastruktur has established since 2009 as a State Owned Enterprises (SOE) with 100% shares owned by the Government of Indonesia through the Minister of Finance. PT SMI has played an active role in  preparing and financing PPPs, working together with Line Ministries as well as Local Governments in realizing PPP projects. One of the PT SMI’s catalystic activity in PPP project development in Indonesia is preparing  PPP project and assisting in transaction phase through Project Development Facility (PDF). PT SMI also provides facility for parties that have plan in developing infrastructure such as conducts capacity building and provides assistance to Ministry/Agency and Local Government to identify and develop priority projects. Until 2018, PT SMI has prepared 13 PPP projects under PDF.

Venue

InterContinental
80 Middle Road
Singapore 188966

Singapore

Tel: +65 6338 7600

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