2022 State Budget: Fiscal Policy and Structural Reform
Tangible Results from Indonesia's Green Sukuk Initiatives
Green Projects Refinanced and Financed with Proceeds from Indonesia's Green Sukuk Issuance in 2020
Proceeds from Indonesia's Green Sukuk Initiative has been successfully deployed to a range of eligible Green projects
Locations
Amount Committed to
Resilience to Climate Change
Sustainable Transport
Waste and Waste to Energy Management
Across the country
Jakarta, Java, Banten
All provinces except Banten
USD 371.3 million
Finance 2020 New Projects
USD 247.7 million
Amount Committed to
Refinance 2020 Projects
Impacts Social/SDGs
SEANCAL
USD 0.6 million
USD 54.1 million
13
CH
USD 80.8 million
Project Examples Financed
/ Refinanced
Management of Dam, Lake and Other Water Retention
Facilities (Financing)
Development of water retention units, i.e. water
retention basins (embung), dams, and lakes in 22
provinces across Indonesia. These projects
provided solutions for the local community to
access the groundwater.
Locations: 22 provinces across Indonesia
Expansion and Preservation of Agricultural Lands
(Refinancing)
Implementation of rice-field opening and
revitalization project in areas highly vulnerable to
climate change impacts which may threaten food
security.
Locations: Potangoan Village of Buol Regency in
Central Sulawesi
Development and Management of Railway Transport
and Supporting Facilities (Refinancing)
Upgrade of South Line Java Railways Network from
single to double track connecting Cirebon City in
West Java Province to Jombang Regency in East
Java Province. The upgrade of double-track lines
becomes a significant part in the effort to improve
the role and efficiency of the railroad mode in Java,
minimizing the transport burden of road networks.
Furthermore, the goal is to improve interregional
connectivity to reduce the regional disparity.
Alto
Supervision and Development of Settlement Sanitation
(Refinancing)
While municipal solid waste management focuses
to reduce number of waste disposed to landfill by
applying 3R principles, the Ministry of Public Works
and Housing priorities to develop regional landfill
for 3-4 ciities, and improve the carrying capacity
and management from open dumping to sanitary
landfills
Locations: All provinces except Banten
Note:
*Micro-hydro is of <100 kW and mini-hydro is of 100 kW-10 MW
Note: Information extracted from Green Sukuk Issuance Allocation and Impact Report (May 2021), which has obtained a limited assurance statement from EY
Projects were financed in Indonesian Rupiahs and the currency exchange rate is based on the State Budget Assumption for 2020 budget year of IDR 14,400 per USD.
Source: Ministry of Finance
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