Unlocking the dynamism of the private sector is essential to the success of Indonesia’s economic transformation. IFC actively catalyzes private sector development by working closely with the Indonesian government and businesses to help create an enabling business environment. As the private sector accounts for over 90 percent of all jobs in Indonesia, its growth is critical to enhancing competitiveness, accelerating economic growth, and ensuring economic and environmental sustainability.
We aim to scale up operations in Southeast Asia’s biggest economy by focusing on key areas including mobilizing finance and knowledge for human capital development, promoting climate transition and the green economy, and expanding job opportunities and enhancing inclusion. IFC integrates advisory and investment activities and leverages support from the World Bank and other development finance institutions (DFIs) to create new markets and attract private capital.
Since 1968, IFC has invested billions of dollars in Indonesia with total financing, including funds mobilized, exceeding US$10 billion. IFC has made significant contributions to Indonesia’s development by pioneering impactful initiatives, including establishing the country’s first green taxonomy and establishing green building codes for Jakarta, Bandung, and Semarang. IFC also facilitated the issuance of Indonesia’s first ever sustainable bond program through its investment in OCBC NISP.
IFC’s investments during the 5 years to November 2023, have totaled US$2 billion. These efforts are complemented by our advisory services which comprised US$18 million in funds under management in November 2023.
