Government Measures to Mitigate Covid-19 Risk
Indonesia's Existing Green Bond and Sukuk Framework
Existing Green Bond and Sukuk Framework under which the Republic of
Indonesia can Finance and Refinance Selected Eligible Projects
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Use of proceeds
Project Evaluation
and Selection
of Green Bond
and Green
Sukuk
Eligible Green
Projects must
fall into one of
the nine eligible
sectors
Review and approval
process by Ministry
of Finance and
National
Development
Planning Agency
Management of Proceeds
Management- Ministry of Finance
The Green Bond and Green Sukuk
proceeds will be credited to a
designated account of relevant
ministries for funding exclusive projects
as previously defined. Allocation is
managed by Ministry of Finance.
Line Ministries
The line ministries utilizing the
proceeds shall track, monitor and
report to Ministry of Finance, on the
environmental benefits of the Eligible
Green Projects
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Reporting
Ministry of Finance
will prepare and
publish a Green
Bond and Green
Sukuk annual report
on the list of
projects, amounts
of proceeds
allocated to such
projects and
estimation of
beneficial impacts
The Framework has received a second opinion from the Centre for International Climate Research (CICERO) and is
awarded medium green shading, which allows the possibility of light, medium and dark green project types. This shade
also shows that eligible listed projects are representing the country ongoing efforts towards the long-term vision in
carbon emission reduction
Source: Indonesia's Green Bond & Green Sukuk Framework
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