2022 State Budget: Fiscal Policy and Structural Reform
Innovative Financing:
Sovereign Green Sukuk and SDGs Bond
Sovereign Green Sukuk and
SDG Bond
No
Issuance
Value
Green Sukuk Financed Sector Allocation (2018-2020)
(Domestic and Global)
81%
1
Global Green Sukuk (Mar 2018)
USD 1,25 billion
2
Global Green Sukuk (Feb 2019)
USD 750 million
8%
6%
5%
3
Green Sukuk Retail (Nov 2019)
IDR 1,46 trillion
4
Global Green Sukuk (Jun 2020)
USD 750 million
Renewable
Energy
5
Green Sukuk Retail (Nov 2020)
IDR 5,42 trillion
6
Global Green Sukuk (Jun 2021)
USD 750 million
7
SDG Bond (Sep 2021)
EUR 500 million
SDGs Financing Needs in Indonesia
In USD Billion, 2020-2030
8 Green Sukuk Retail (Nov 2021)
IDR 5,00 trillion
800
27%
17%
11%
62%
49%
Energy
efficiency
Resilience to Climate Change for
Highly Vulnerable Areas and
Sectors/Disaster Risk Reduction
2018 2019 2020
Sustainable
Transport
9% 11%
7%
7%
Waste and Waste to
Energy
Management
759
Sovereign green sukuk is Indonesia's main financing instrument for
climate actions.
• Total global green sukuk financing: USD 3.5 billion
700
568
Est. SDGs Financing Distribution
In USD Billion, 2020-2030
Non-Government
Government
4,710
588
500
517
500
453
44%
3,030
•
Total green sukuk retail financing: IDR 11.88 trillion
396
400
347
302
39%
•
Green sukuk has financed various projects in 5 sectors and mostly for
transportation projects.
404
300
261
227
192
316
343 372
200
•
Rol issued its debut SDG Bond in September 2021, which was also
the first issuance of sovereign conventional SDG bond in Asia.
100
171188 206 226 247 267
291
56%
61%
BAU High
0
2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030
BAU
High
Source: Ministry of Finance
Sour: APPENAS, DR, 20
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