US Markets

Indonesia, U.S. agree on infrastructure finance agreement

Credit: REUTERS/Nguyen Huy Kham

Indonesia has signed an agreement with the United States to strengthen infrastructure finacing through private sector investment, Indonesia's Finance Ministry and the U.S. Treasury Department said on Friday.

JAKARTA, Sept 19 (Reuters) - Indonesia has signed an agreement with the United States to strengthen infrastructure finacing through private sector investment, Indonesia's Finance Ministry and the U.S. Treasury Department said on Friday.

U.S Treasury Secretary Steven Mnuchin signed the agreement with Indonesia's Finance Minister Sri Mulyani Indrawati remotely on Friday, according to a statement posted on the U.S. Treasury Department's website.

Rahayu Puspasari, spokeswoman for Indonesia's Finance Ministry, said in a separate statement that the agreement would bolster the development of capital markets and financial instruments to "facilitate and reduce the barriers to private sector investment in infrastructure."

Puspasari added that the agreement would help improve asset recycling capacity, impact assessment for the financing already given, and credit enhancement.

"The engagement supports the broader U.S. Government Indo-Pacific Strategy by complementing ongoing efforts under the Enhancing Development and Growth through Energy (Asia EDGE) and the Infrastructure Transaction and Assistance Network (ITAN)," said the U.S. Treasury Department.

(Reporting by Tabita Diela and Stanley Widianto; Editing by Michael Perry)

((Widianto.Stanley@thomsonreuters.com;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Markets Videos

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More