Heaptalk, Jakarta — The Indonesia Eximbank, or Indonesian Export Financing Institution (LPEI), recorded over US$432 million, or around Rp7 trillion in disbursed financing under the Special Export Assignment (PKE) scheme throughout 2024. This milestone underscores LPEI’s objective to enhance national export competitiveness while driving developmental impacts valued at US$1.13 billion, approximately Rp18.3 trillion within the export ecosystem.
The developmental impact reflects the multiplier effect of each Rupiah allocated by LPEI, estimated to be 2.59 times the creation of foreign exchange earnings. From 2020 through December 2024, LPEI facilitated PKE financing exceeding IDR 20 trillion, reaching more than 90 export destinations worldwide.
PKE is a strategic initiative spearheaded by the Indonesian government through the Ministry of Finance in collaboration with the PKE Committee, the Ministry of Trade, and the Ministry of Industry. While commercially challenging, the program provides financing for projects or transactions that are critical for supporting national exports and enhancing their global competitiveness.
LPEI administers eight distinct PKE programs. These include financing for exports to regions such as Africa, South Asia, the Middle East, Eastern Europe, and Latin America; support for the pharmaceutical and medical equipment industries; trade finance; small and medium enterprises (SMEs); transportation equipment; the aviation industry; priority tourism destinations; and the Mandalika Special Economic Zone (KEK) tourism initiative.
“These achievements aim to solidify Indonesia’s reputation as a producer of globally competitive goods, increase foreign exchange revenue, and foster a sustainable export ecosystem that generates developmental and business impacts,” the Acting Managing Director of Business Development at LPEI, Maqin Norhadi, conveyed.
As the implementing agency for PKE, LPEI is tasked by the Ministry of Finance to drive Indonesia’s strategic industries toward greater global competitiveness continuously. Among the notable exports supported by PKE are aircraft manufactured by PT Dirgantara Indonesia (PTDI) for the Philippines, Nepal, and Senegal; passenger coaches and flat wagons produced by PT INKA for Bangladesh and New Zealand; and Bio Farma vaccines distributed to over 160 countries.
Moreover, the PKE initiative has penetrated new, non-traditional markets like Africa. Highlights include cement exports to various African countries, support for Indonesian contractors in Algeria, and geotechnical research service exports to the Republic of Congo.
According to Heri Setiawan, Director of State Financial Risk Management at the Ministry of Finance, PKE has demonstrated its effectiveness across numerous strategic sectors, including aviation and transportation, while unlocking export opportunities in non-traditional markets like Africa.
“We anticipate that PKE will continue enhancing the competitiveness of Indonesian products in global markets, enabling businesses to produce high-quality goods that thrive internationally and create more export opportunities,” Heri Setiawan remarked.
