Indonesia, US agree on infrastructure finance agreement

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 70 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 66%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Indonesia has signed an agreement with the United States to strengthen infrastructure financing through private sector investment, Indonesia's ...

Indonesia has signed an agreement with the United States to strengthen infrastructure financing through private sector investment, Indonesia's Finance Ministry and the U.S. Treasury Department said on Friday.

FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin speaks during the third annual U.S.-Qatar Strategic Dialogue at the State Department in Washington, U.S., September 14, 2020. REUTERS/Erin Scott/PoolShare this contentJAKARTA: Indonesia has signed an agreement with the United States to strengthen infrastructure financing through private sector investment, Indonesia's Finance Ministry and the U.S. Treasury Department said on Friday.

U.S Treasury Secretary Steven Mnuchin signed the agreement with Indonesia's Finance Minister Sri Mulyani Indrawati remotely on Friday, according to a statement posted on the U.S. Treasury Department's website.Rahayu Puspasari, spokeswoman for Indonesia's Finance Ministry, said in a separate statement that the agreement would bolster the development of capital markets and financial instruments to"facilitate and reduce the barriers to private sector investment in infrastructure.

Puspasari added that the agreement would help improve asset recycling capacity, impact assessment for the financing already given, and credit enhancement. "The engagement supports the broader U.S. Government Indo-Pacific Strategy by complementing ongoing efforts under the Enhancing Development and Growth through Energy and the Infrastructure Transaction and Assistance Network ," said the U.S. Treasury Department.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines