Investor Presentaiton

2021 Financing Strategy Opportunistic, Measured, and Prudent Financing Strategies to support counter cyclical policies Debt is used as an instrument to support counter cyclical policy; managed in prudent manner, measurable and opportunistic Debt Policy Overall Funding Strategy 1 Manage debt by maintaining the debt over GDP ratio within the safe limit 1 Non-debt funding source optimization, including SAL utilization To adopt a flexible debt management which is 2 responsive in supporting the countercyclical 2 policy, while prudently manage the cost and risk Targeting Loan Program from Development Partners, for both bilateral and multilaterals, i.e. World Bank, ADB, KfW, JICA, EDFC, and AIIB To achieve an efficient debt cost, by doing market deepening exercises: investor base widening 3 improving the infrastructure in the SBN market 3 debt instrument diversification eg. SDG bond issuance and municipal bond/sukuk issuance 4 To maintain macro stability by managing debt portfolio composition optimally. 4 A well targeted SBN (Government Bond) issuance by optimizing all available sources Targeting domestic/onshore bond issuance (including retail bond) for up to IDR 80 tn Targeting Foreign Currency/Global Bond issuance amount at 12-15% from total SBN funding (subject to market conditions) Private Placement from specific institutions Support from Bank Indonesia as the funding of the last resort / back stop Source: Ministry of Finance 83 83

View entire presentation