OJK Encourages Local Government to Dig Infrastructure Financing Sources

By : Herry Barus And Aldo Bella Putra | Sunday, December 31 2017 - 19:00 IWST

OJK
OJK

INDUSTRY.co.id - Samarinda - The Kalimantan Provincial Financial Services Authority (OJK) encourages local governments to increase the financing of infrastructure development with funding sources not only from APBD, but also from the capital market through bond issuance.

"In an effort to encourage local governments to improve infrastructure development, OJK has issued several rules that could be a reference, namely on regional bonds, green bonds, e-Registration, and other rules," said Head of East Kalimantan Province OJK Dwi Ariyanto, in Samarinda, Saturday / 12/2017)

OJK regulation is intended to support and encourage government programs, especially in the area of ​​infrastructure development in the regions through regulations on regional bonds, green bonds, and business process acceleration (e-Registration).

Issuing these provisions to facilitate local governments in issuing local bonds, strengthening the implementation of sustainable finance, and accelerating the process of service to stakeholders.

Regarding the issuance of regional bonds, continued Dwi, OJK issued three provisions, the first is the OJK Regulation (PJOK) Number 61 / POJK.04 / 2017 on Document of Enrollment of Registration in the Framework of Public Offering of Municipal Bond and / or Sukuk Daerah.

Second, OJK Regulation No. 62 / POJK.04 / 2017 concerning the Form and Content of Prospectus and Prospectus Brief for Public Offering of Municipal Bond and / or Sukuk Daerah.

Third, OJK Regulation Number 63 / POJK.04 / 2017 regarding Reports and Issuers Issuer Issue of Regional Bond and / or Sukuk Region.

The issuance of regulations related to Municipal Bond and / or Sukuk Daerah is an effort to support the government's priority programs in increasing infrastructure development not only the basis of enhancing national competitiveness, but also as a tool for the equitable distribution of economic growth throughout Indonesia.

The construction of such infrastructure needs to be supported with adequate funding sources.

"Three POJK on Bond / Sukuk Daerah is intended to increase the source of infrastructure development financing, besides sourced from Regional Budget (APBD), also from the Capital Market through the issuance of Regional Bond and / or Sukuk Daerah," said Dwi.

Through expansion of APBD financing, he added, it is expected that infrastructure development can be accelerated, so that the impact on economic growth and equity of public welfare can be immediately felt. (Ant)

News Comment

Today's Industry

Citibank

Minggu, 18 April 2021 - 22:10 WIB

Citi Indonesia Reiterates Commitment to Customers During Sale Process of The Consumer Bank Business

Citi today reaffirmed there would be no immediate change to how it serves its local consumer bank customers, as it commences the sale process of its Indonesian consumer business, following the…

Indonesia Port

Sabtu, 17 April 2021 - 06:05 WIB

Indonesia's Export Value in March 2021 is Higher than February

Statistics Indonesia (BPS) released value of Indonesia's exports in March 2021 which reached US$18.35 billion, an increase of 20.31% compared to exports in February 2021, as well as compared…

Minister of Manpower Ida Fauziyah

Sabtu, 17 April 2021 - 05:10 WIB

Manpower Minister Urges BPJS Kesehatan to Speed Up Integration of JKP Beneficiaries’ Data

Minister of Manpower Ida Fauziyah has urged the Health Care and Social Security Agency (BPJS Health) to accelerate the integration of membership data for the social security program of laid-off…

Satgas COVID-19

Sabtu, 17 April 2021 - 04:19 WIB

COVID-19 Task Force Asks Regional Governments to Firmly Enforce Regulations on Eid Homecoming

The COVID-19 Handling Task Force through its spokesperson Wiku Adisasmito reminded regional governments to enforce the rules set by the Government in the Circular of Head of the COVID-19 Handling…

Minister of Villages, Development of Disadvantaged Regions and Transmigration Abdul Halim Iskandar

Sabtu, 17 April 2021 - 03:12 WIB

Gov’t Has Disbursed Village Funds to 34,053 Villages: Minister

The Government has disbursed Rp 11.361 trillion of Village Fund as of 12 April 2021, according to Minister of Villages, Development of Disadvantaged Regions and Transmigration Abdul Halim Iskandar.