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Jakarta, November 25, 2022 – The Indonesian Export Financing Institution (LPEI), also known as Indonesia Eximbank, participated in the annual meeting of the Asian Exim Banks Forum held in Kuala Lumpur, Malaysia, from November 15 to 17. The primary topic of discussion at the forum was strategies to enhance economic resilience and export performance in a post-pandemic world.
Given the global economic slowdown, leaders of Exim Banks from across Asia gathered to deliberate on strategies to enhance economic resilience in these challenging times. The participants of the forum unanimously emphasized the need for collaboration among Exim Banks to address various global issues such as economic deceleration, geopolitics, and supply chain disruptions.
Cooperative efforts could involve joint provision of facilities such as co-financing and guarantees to support businesses. Collaborative sharing of information can also help Exim Banks to become more innovative and responsive in dealing with the dynamic economic conditions.
Additionally, the meeting, coordinated by Malaysia Exim Bank as the host, underscored the importance of support for the Environmental, Social, and Governance (ESG) sector. Learning from the pandemic, digital transformation and energy transition have become urgent and require acceleration.
Thailand Eximbank shared insights into the implementation of ESG in their environment. As a government-owned institution, they discussed ESG-based financial instruments they have issued, such as green bonds and green financing.
During the event, Japan Bank for International Cooperation (JBIC) and Korea Eximbank shared their experiences with various green financing projects they have undertaken. LPEI has also incorporated ESG as a value proposition, demonstrating its support for environmental and social sustainability. This aligns with the recommendation of Indonesia's Financial Services Authority (OJK) for financial institutions in Indonesia to adopt sustainable finance practices.
At the AEBF meeting, Agus Windiarto, the Executive Director of Finance and Operations at LPEI, stated that as a financial institution mandated to promote export growth in Indonesia, LPEI continues to refine its value proposition within its business strategy to make it more adaptable to global changes. "LPEI is continually strengthening its collaboration with Indonesia's export ecosystem, expanding services, and including ESG to create more opportunities for Indonesia's export advancement," said Agus.
During the event, AEBF members also signed a joint statement expressing their support for sustainable development.
Media Contact:
Chesna F. Anwar
Corporate Secretary - Indonesa Eximbank
Phone: (021) 39503600
Email: corpsec@indonesiaeximbank.go.id
Web: http://www.indonesiaeximbank.go.id
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