View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

9/21/2020

United States and Republic of Indonesia Sign Cooperation Framework to Strengthen Infrastructure Finance and Market…

United States and Republic of Indonesia Sign Cooperation
Framework to Strengthen Infrastructure Finance and Market
Building
September 18, 2020

WASHINGTON – U.S. Treasury Secretary Steven T. Mnuchin and Minister of Finance Sri
Mulyani Indrawati of the Republic of Indonesia remotely completed the signing of the
Cooperation Framework to Strengthen Infrastructure Finance and Market Building on
September 18, 2020.
This cooperative initiative is designed to achieve the mutual goals of the United States and
the Republic of Indonesia to support infrastructure development through market-oriented,
private sector investment.
Under this cooperative framework, the United States and the Republic of Indonesia will
address regulatory, market, and legal barriers to private sector investment by focusing on the
development of financial instruments, project finance, the local debt market, and capital
markets.
“Infrastructure development is critical to economic growth and long-term recovery from the
e ects of COVID-19. This framework supports economic growth and our shared goals to
meet infrastructure needs through market-oriented, private sector investment,” said
Secretary Mnuchin.
The first Working Group meeting under this framework agreement will convene virtually
September 22-23, 2020.
The engagement supports the broader U.S. Government Indo-Pacific Strategy by
complementing ongoing e orts under the Enhancing Development and Growth through
Energy (Asia EDGE) and the Infrastructure Transaction and Assistance Network (ITAN).
####

https://home.treasury.gov/news/press-releases/sm1128

1/1