How Purbaya Secured Rp301.8 Trillion in AIIB Funds

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Finance Minister Purbaya Yudhi Sadewa at the APBN KiTa press conference at the Ministry of Finance office, Friday, June 5, 2026. Tempo/Ilona

TEMPO.CO, Jakarta - Indonesian Finance Minister Purbaya Yudhi Sadewa announced the results of his series of roadshows to China this week, claiming to have secured US$17 billion or Rp301.8 trillion (at an exchange rate of Rp17,753 per US dollar) in funding commitments from the Asian Infrastructure Investment Bank (AIIB).

The financial backing from the Beijing-based multilateral development bank is slated for disbursement between 2025 and 2029. "The most important thing is that we have secured approximately US$17 billion in funding for Indonesian development projects over the 2025–2029 period. This is a significant contribution to financing development projects in Indonesia," Purbaya said in a statement on Wednesday, June 17, 2026.

This funding commitment is one of the main achievements of the bilateral talks between Purbaya and the AIIB leadership in Beijing. Purbaya noted that while some of these programs had been drafted previously, the government successfully guaranteed the continuity of Indonesia's strategic development agenda for the coming years.

Furthermore, the AIIB expressed interest in opening a representative office in Jakarta to streamline cooperation and improve project coordination on the ground. "We certainly welcome this initiative, and I am hopeful that the office can be running by June next year," Purbaya added.

Purbaya kicked off his investment roadshow to China on June 16, 2026, with a focus on promoting the issuance of the government's upcoming yuan-denominated Panda Bonds.

Meanwhile, Suminto, the Finance Ministry’s Director General of Financing and Risk Management, explained that the trip is part of a regular non-deal roadshow. He emphasized that promotion is essential, given that this marks the debut offering of the bonds.

"Because this is our inaugural issuance, we need to meet with mainland Chinese investors as well as the local authorities," Suminto stated in Senayan, Jakarta, on Monday, June 15, 2026.

Suminto disclosed several major institutional players on Purbaya’s meeting agenda this week, including the Agricultural Bank of China, Zhong Ou Asset Management, and ICBC Wealth Management. The government is also set to appoint several financial institutions to serve as Joint Lead Managers to handle the distribution of the Panda Bonds.

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