PT SMI Receives IDR 43 T for Sustainable Development Financing

PT Sarana Multi Infrastruktur (Persero) or SMI managed to reap financing of US $ 3 billion or equivalent to Rp. 43 trillion (exchange rate of Rp. 14,357 per dollar). This was disclosed by the Minister of Finance Sri Mulyani.

"Currently PT SMI has been able to raise US$3 billion from various sources to carry out consistent activities related to the Sustainable Development Goals (SDGs)," Sri Mulyani said in the 2022 Green Economic Outlook, Tuesday (22/2).

He said the funds were collected in a financing program called SDG Indonesia One which was managed by PT SMI itself. The scheme of the financing is mixed or blended finance that comes from various sources in the world.

"Various sources from the private sector to international philanthropists come here. The government will implement consistent policies to reduce CO2," said Sri Mulyani.

Not only that, the government also issues green bonds or debt securities related to the environment. According to Sri Mulyani, green bonds can absorb funds of US$3.5 million or equivalent to Rp50.23 billion as long as the offering is in 2018-2021.

The green bonds and sukuk released by the government are planned to be used to finance sustainable and low-carbon development. This is done in order to diversify financing and build the government's commitment to achieve the SDGs.

The funds are expected to support the government to reduce exhaust emissions in development in the country. Even so, Sri Mulyani said Indonesia cannot solve the problem of climate change alone.

"But it's not only done domestically, this can't be solved alone, global cooperation must be serious," concluded Sri Mulyani.

Source: cnnindonesia.com