Banks Obliged to Finance Indonesia’s Downstreaming Ambition

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.