Investor Presentaiton
Government Guarantee For Basic Infrastructure Development
Reflects strong commitment to national development planning
Government Guarantee Program
Contingent Liabilities from Government Guarantee as of Q1 2020 **
BHINNEKA
⚫ Power (Electricity) - Full credit guarantee for PT PLN's
debt payment obligation under FTP 1 10,000MW and
35GW programs*.
No.
Central Government Guarantee for
Infrastructure Programs
Guarantee
Documents
Exposure/
Outstanding
(USD bn)
=
• Clean Water Guarantee for 70% of PDAM's debt
principal payment obligations.
1
2
Coal Power Plant 10,000 MW Fast Track Program (FTP 1)
Clean Water Supply Program
16
1.41
6
0.01
• Toll road
-
Credit
Guarantee
Full credit guarantee for PT Hutama Karya's
debt payment obligations for the development of
Sumatra Toll Roads.
3
Direct Lending from International Financial Institution to SOES
6
1.70
4
Sumatra Toll Road
10
2.99
⚫ Infrastructure - Full credit guarantee on SOE's borrowing
from international financial institution & guarantee for
PT SMI's local infrastructure financing.
5
Renewable energy, Coals & Gas Power Plant 10,000 MW (FTP 2)
7
3.86
Public Transportation (Light Rail Transit) Full credit
guarantee for PT Kereta Api Indonesia's debt payment
obligations for the development of LRT Jabodebek.
6 Public-Private Partnerships (PPP)
7
4.73
7
Regional Infrastructure Financing
1
0.19
8
Public Transportation (Light Rail Transit)
1
0.24
Business Viability
Guarantee (BVG)
⚫ Power (Electricity) - Guarantee for PT PLN's obligations
under Power Purchase Agreements with IPPS (off-take
and political risk) under FTP-2 10.000MW and 35GW
programs*
9
Electricity Infrastructure Fast Track Program (35GW)
6
4.36
Total
60
19.49
PPP Guarantee
Political Risk
Guarantee
Infrastructure
Guarantee for Government-related
entities obligations (line ministries, local governments,
SOES, local SOEs) under PPP contracts/agreements
-
Infrastructure Guarantee against infrastructure risks
for National Strategic Projects (Presidential Decree
No.58/2017) which are not covered by other type of
guarantees
*) MOF provides both credit guarantees and BVGs for 35GW program
Source: Ministry of Finance
From 2008 to Q1-2020 **, the government has issued 85 guarantee documents with total
value of USD36.17 billion, there were 28 guarantee documents worth USD3.54 billion have
been expired.
The Maximum Guarantee Limit for the period 2020-2024 is set at 6% of GDP.
Beginning in 2008 the Government has allocated a contingent budget with respect to these
guarantees. Any unused budget allocation may be transferred to a guarantee reserve fund.
This reserve fund, together with the relevant annual budget allocations, serves as reserves
for any claim that arises from these guarantees.
**) As of end June 2020; currency conversion of IDR14,302.00/USD1 and IDR16,080.46/EUR1
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