If the private sector is the key to delivering Indonesia’s important development projects, then IFC is the organisation that helps open the door.
Infrastructure development in Indonesia requires financing of $150 billion USD and the public sector can only absorb a small part, leaving a sizeable gap for the private sector to fill. Micro, SMEs have always been the backbone of a country’s sustainable economic growth and Indonesia is no exception with these businesses accounting for more than 90% of employment.
IFC, a member of the World Bank Group, is the largest global development institution focused on private sector development. With an investment portfolio in excess of $45 billion USD, IFC operates in over 100 countries and helps developing countries achieve sustainable growth by financing private sector investment, mobilising capital in international financial markets and providing advisory services to businesses and governments. The East Asia and Pacific region has particularly benefited from IFC’s work in financing private-sector projects aimed at improving access to electricity, clean water and health care, and mitigating the impact of climate change. IFC also invests in less-developed countries and poorer regions of middle-income markets. IFC’s global expertise is also valuable in helping companies in China, Indonesia and other countries, expand outside of the East Asia Pacific.