Insight

Banks Obliged to Finance Indonesia’s Downstreaming Ambition

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Algo Research Team


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Key Summary:


  • Indonesia establishes downstreaming taskforce
  • Banks could be mandated to finance the projects
  • Waiting clarity on the regulations, if realized

According to the Minister of Energy and Mineral Resources (ESDM), Bahlil Lahadalia, the Indonesian government plans to mandate banks and non-bank financial institutions to provide loans for downstream initiatives.


What’s the news? One of President Prabowo’s priorities for 2024-2029 is to continue advancing downstream industry in Indonesia to boost exports and economic growth.


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