JAKARTA (LINTAS PAPUA) — Senior officials representing the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, Australia’s Department of Foreign Affairs and Trade (DFAT) and Export Finance Australia, and the Japan Bank for International Cooperation (JBIC) this week traveled to Indonesia to explore joint opportunities to support the development of infrastructure in the country and across the Indo-Pacific.
While in Indonesia, the trilateral partners identified joint opportunities to mobilize and support the deployment of private capital to support infrastructure development, and to support the principles of ASEAN’s Outlook on the Indo-Pacific.
Through their partnership, OPIC, DFAT, Export Finance Australia, and JBIC are committed to leveraging the diverse tools of each country, which range from development finance to grant funding, to advance mutual development goals in the region.
On their visit, the delegation met with senior Government of Indonesia representatives including Minister of Transportation Budi Karya Sumadi and Minister of Communications and Information Technology Rudiantara as well as officials from the Coordinating Ministry for Economic Affairs and Ministry of Energy and Mineral Resources. They also met with representatives of Indonesia Infrastructure Finance, the Indonesia Infrastructure Guarantee Fund, and PT Sarana Multi Infrastruktur as well as private sector leaders representing priority sectors including transportation, energy, and the digital economy.
During their meetings, the trilateral partners reaffirmed their commitment to advancing infrastructure development in the region through projects that are built to last; are financially sustainable; adhere to high international social, labor, and environmental standards; ensure transparency; create economic opportunities for all, including women and local workers; and respect the sovereignty of host countries.
The mission delivers on a commitment made by the trilateral partners in a joint statement issued ahead of the 2019 G20 Summit to send a joint mission to Southeast Asia.
“No country can meet the development challenges of the Indo-Pacific alone,” said Brian Churchill, OPIC Senior Advisor for the Indo-Pacific and White House Fellow, in opening remarks at a plenary session hosted by the Coordinating Ministry for Economic Affairs. “OPIC is proud to lead a joint mission with trilateral partners in Indonesia to forge new opportunities to support the development of critical infrastructure—on terms that empower local communities and advance a model that promotes long-term prosperity and stability in the region.”
The visit advances the Trilateral Infrastructure Partnership between OPIC, DFAT, Export Finance Australia, and JBIC, which aims to strengthen cooperation among like-minded countries in order to drive economic growth in the Indo-Pacific and promote sustainable infrastructure investments in the region.