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LPEI Strengthens Governance and Sharpens Its Mandate to Bridge Market Gaps and Support Indonesian Exporters Amid Global Uncertainty
Jakarta, September 13, 2026 — Seventeen years after its establishment, the Indonesia Eximbank (Lembaga Pembiayaan Ekspor Indonesia/LPEI) continues to transform and strengthen its role as the Government’s policy bank in advancing Indonesia’s national exports. The transformation is focused on strengthening governance while enhancing LPEI’s capacity to fill market gaps that cannot yet be fully addressed by commercial financial institutions.
Established under Law No. 2 of 2009, LPEI is mandated to support the Government’s policies in promoting national exports. As both a policy bank and a Government Special Mission Vehicle (SMV), LPEI complements the national export financing ecosystem by enhancing the competitiveness of businesses and facilitating access to new markets.
“We need to look again at sectors that have been under pressure from globalization, even though they were once among our leading industries, such as textiles, footwear, and steel. Can we support them? They are telling us that it is currently difficult to obtain financing. As an export financing institution, we need to engage with industries such as textiles, furniture, and others, and offer financing at competitive interest rates. If the rates are still considered too high, I will look into whether LPEI’s interest income KPI needs to be lowered. It does not have to be high, as long as it effectively addresses the needs and expectations of businesses. After all, I am the one who determines the performance parameters,” said Minister of Finance Purbaya Yudhi Sadewa at the Indonesia Eximbank Export Connect event in Jakarta.
LPEI Executive Director Sukatmo Padmosukarso said the Minister of Finance’s direction further reinforces LPEI’s role as a policy bank whose mandate goes beyond financing to creating meaningful impact for businesses and the national economy.
“Our value proposition does not stop at financing. It is reflected in Beyond Financing, Developmental Impact, and Sustainability,” said Sukatmo in Jakarta.
Over the past 17 years, LPEI has carried out this mandate through the National Export Financing program, which encompasses financing, guarantees, insurance, and advisory services, as well as the Government’s Special Export Assignment (Penugasan Khusus Ekspor/PKE).
LPEI’s support has included financing for overseas projects undertaken by Indonesian contractors in countries such as Malaysia, the United States, Timor-Leste, and Saudi Arabia. LPEI has also provided financing to overseas buyers through buyers’ credit schemes, including financing for the export of railway cars manufactured by PT INKA to Bangladesh in 2015.
Support for expanding into non-traditional markets has included the export of aircraft manufactured by PT Dirgantara Indonesia to Nepal, Senegal, and the Philippines, as well as the export of railway cars manufactured by PT INKA to New Zealand. In 2025, this support was expanded to strategic sectors, including the export of syringes manufactured by Indonesia’s pharmaceutical industry to more than 30 countries, as well as the international expansion of local restaurant businesses into Malaysia through the Indonesia Spice Up the World program.
On the occasion, Indonesia Eximbank presented the Indonesia Eximbank Export Champion Award to outstanding exporters who have demonstrated excellence in their respective fields.
The Export Innovation Champion category was awarded to PT Dekor Asia Jayakarya for its innovative use of locally sourced materials and local artisans to expand its export markets through digital strategies.
Meanwhile, the Sustainable Export Champion category was awarded to PT Ungaran Sari Garments for successfully integrating environmentally friendly business practices into its operations.
The Village Export Champion category was awarded to the Lidi Sawit Riau Export Village for its success in transforming waste from oil palm fronds into export-quality palm leaf sticks. The initiative has been supported through capacity-building programs across 33 villages, involving 925 farmers as well as local women’s groups and households.
LPEI’s role as a policy bank also positions the institution as a Government instrument when market conditions constrain access to financing for businesses. During the COVID-19 pandemic, LPEI supported the Government’s countercyclical policies through the National Economic Recovery Program (Program Pemulihan Ekonomi Nasional/PEN), including through the Government Credit Guarantee (JAMINAH) and Special Export Assignments to expand access to trade financing and working capital for both corporations and SMEs.
Today, LPEI has been entrusted by the Minister of Finance to support the strengthening of strategic sectors, including textiles, footwear, and furniture.
“Amid growing uncertainty in global trade driven by geopolitical and economic dynamics, LPEI is also ready to support other sectors that require policy intervention in line with the institution’s countercyclical mandate,” said Sukatmo.
LPEI’s transformation is also aimed at expanding exporters’ capabilities. Through the Coaching Program for New Exporters (CPNE), from 2019 through July 2026, the program has facilitated 1,983 new export achievements, including the creation of new exporters, the opening of new export destination markets, and the acquisition of new overseas buyers.
Meanwhile, through its Export Village (Desa Devisa) program, LPEI develops the capacity of villages and communities with export-potential commodities. Since the program was first launched with the Cocoa Export Village in Jembrana, Bali, in 2019, it has reached 2,618 villages across Indonesia as of July 2026.
As an agent of development, LPEI’s impact is measured not only by the value of financing it provides. As of June 2026, the social and economic impact generated by LPEI’s financing facilities was recorded at 3.49 times the value of every rupiah disbursed, including contributions to poverty reduction, women’s empowerment, and the creation of decent employment, in line with the achievement of the Sustainable Development Goals (SDGs).
In line with the strengthening of its mandate, LPEI is undertaking institutional transformation by placing governance, risk management, and compliance at the core of its operations. In 2025, LPEI achieved a Good Practice Phase rating in the Risk Maturity Assessment, obtained SNI ISO 37001:2016 certification for its Anti-Bribery Management System, and received a Good rating in the institutional governance assessment conducted by the Financial and Development Supervisory Agency (Badan Pengawasan Keuangan dan Pembangunan/BPKP).
Governance strengthening is being carried out continuously in collaboration with the Directorate General of State Assets (Direktorat Jenderal Kekayaan Negara/DJKN) and the Financial Services Authority (Otoritas Jasa Keuangan/OJK), including through the strengthening of Governance, Risk, and Compliance (GRC).
Looking ahead, global uncertainty and the evolving trade landscape make the role of a policy bank increasingly relevant. LPEI will strengthen synergies with the Ministry of Finance, ministries and government agencies, banks, fellow SMVs, state-owned enterprises, regional governments, and businesses to enhance Indonesia’s export competitiveness.
“LPEI’s transformation is aimed at ensuring that its role as a policy bank is increasingly felt across the export ecosystem in fulfilling its mandate to advance national exports, particularly by addressing needs that cannot be met through market mechanisms and by generating development impact through exports. With the spirit of Berkarya, Bermakna—Creating Impact with Purpose—we want to ensure that every form of support provided by LPEI delivers tangible benefits for exporters and the Indonesian economy,” said Sukatmo.
Media Liason
Corporate Secretary
Lembaga Pembiayaan Ekspor Indonesia
Phone: (021) 39503600
Email: corpsec@indonesiaeximbank.go.id
Website: www.indonesiaeximbank.go.id
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