Investor Presentaiton
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Financing Strategy 2020
Opportunistic, Measured, and Prudent Financing Strategies to support State Revenue and Expenditure Budget
(APBN) 2020 in accelerating the handling of COVID-19 and protecting the economy from the threat of crisis
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Non Debt Financing Sources
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Issuance of Foreign Currency
Government Bond (SBN)
SAL
Government Endowment Fund Post
Fund sourced BLU
2
Cash Loan Flexibility
Upsize Program Loans from Development Partners,
both bilateral and multilateral,
ex. World Bank, ADB, AFD, KfW, JICA, EDCF
and AIIB with low coupon
Government Securities Issuance
a)
Prioritizing the issuance of SBN through market
mechanisms (including retail)
b) Open opportunity for Private Placement requests
from SOE/Institution ex. LPS, BPKH, and others
Source: Ministry of Finance
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Upsize the issuance of Domestic SBN and Foreign
Denominated SBN with regard to financial market
conditions
a) The policy of lowering statutory reserves and
increasing the PLM ratio by BI increased liquidity
and placed banks on the primary SBN market.
b) The government can issue SBN to finance the PEN
program purchased by BI
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