TEMPO Interaktif, Jakarta - Indonesia Eximbank targets the export-import increase of Rp 15 trillion this year. “Until October, the Indonesia Eximbank financing had reached Rp 13.1 trillion," said Indonesia Eximbank President Director I Made Gde Erata following the discussion on “The Importance of the Export Financing Institutions in Increasing the National Export Growth” at the Trade Ministry venue on Tuesday (30/11).

A greater part of the financing is targeted at the industrial sector. “It is true that the financing is geared to the industrial sector. In order to avoid exporting the commodities,” he said. Based on the Eximbank data, the financing for the industrial sector reached 54 percent of the total financing. The other sectors also financed by Eximbank are to a greater part, the mining sector i.e. to the amount of 12,5 percent. Whereas up to 10 percent financing by Eximbank is geared to the agricultural sector.

Erata added, in the future, Indonesia Eximbank continues to develop other sectors which do have the potential for export. Especially the sectors who are not bankable, such as the small- and medium scale businesses (UMKM).” Our target within the next two years is that the financing of the UMKM will reach 10 percent of the total financing,” he stated.

The Deputy Minister of Trade, Mahendra Siregar, stated that his Ministry will prioritize the participation of the financing institutions and banks to increase export. “We pinpoint at one or two types of export industrial goods or main export commodities,” he said.

“Then we will seek for a solution and feasible schemes for overall improvement. Not only export but also to improve the production and industry structure, among others the financing of replacement of old machineries,” he explained. So, the approach is not only towards the financing, but implies the improvement of the production process.