In a relatively young age, PT SMI has pursued to contribute to the acceleration of infrastructure development in Indonesia. From the beginning of its establishment until June 2018, PT SMI has provided financing to the infrastructure sector with a total commitment of IDR 67.9 trillion from a total of IDR 125 billion at the beginning of our establishment in 2009. In terms of total assets, as of June 2018 was recorded at IDR 56.0 trillion from IDR 1.06 trillion in 2009.
With the large financing needs for infrastructure development in Indonesia, PT SMI Magnifies Financing Capability through leveraging. PT SMI has been actively raising funds in the financial market through the issuance of MTN and bonds, and obtain loans from banks or bilateral/multilateral institutions. In addition, PT SMI also actively sought alternative funding sources by raising funds from international development agencies such as AFD (French Development Bank) and international banking syndication to then be channeled to infrastructure projects. At the end of 2016, PT SMI was the first organization from Southeast Asia to be registered as an accredited member in the Green Climate Fund (“GCF”) to gain access to financing for renewable energy projects and climate change.