A financing facility for regional governments providing medium- to long-term funding options beneficial in speeding up basic and social infrastructure, stimulating economic growth, and increasing social development in these regions.
Guidelines for the initiation of PT SMI regional loans can be found in the following:
The Benefits:
Why PT SMI?
Types of Regional Loans:
Regional Loans within a maximum period of 1 (one) fiscal year, where the obligation to repay (loan principal, interest, and/or other obligations) must be fully repaid in the relevant fiscal year. Short-term loans are used only to cover the lack of cash flow.
Regional Loans in a period of more than 1 (one) fiscal year, where the obligation to repay (loan principal, interest, and/or other obligations) must be fully repaid within a period that does not exceed the remaining term of office of the governor, regent or mayor concerned. Medium-term loans are used to finance public services that do not generate revenue
Regional Loans in a period of more than 1 (one) fiscal year, where the obligation to repay (loan principal, interest, and/or other obligations) must be repaid following the terms of the agreement. Long term loans are used to finance investment activities for infrastructure and/or facilities in the context of providing public services with the following criteria:
* PT SMI provides medium and long-term loans for regional infrastructure development. All loans that have been approved are set out in loan agreements between PT SMI and the Regional Government.