Indonesia Infrastructure Finance (IIF) and FinDev Canada partner to accelerate Canada’s participation in infrastructure development in Indonesia
Jakarta, Indonesia, 28 February 2025 – Indonesia Infrastructure Finance (IIF) and FinDev Canada have signed a memorandum of understanding (MoU) to accelerate Canada’s participation in infrastructure development in Indonesia.
Earlier this week, Rizki Pribadi, Interim Chief Executive Officer and Chief Financial Officer of IIF, and Lori Kerr, FinDev Canada CEO, signed the MoU at IIF’s office on February 25th on the margins of FinDev Canada’s Indo-Pacific regional office opening. The MoU will facilitate collaborative activities including information exchanges, transaction facilitation (including co-lending), and joint outreach and knowledge sharing.
As one of the Indo-Pacific's largest economies, Indonesia faces important infrastructure development needs, which represent a unique opportunity for the private sector to collaborate with the Government of Indonesia. The country’s infrastructure finance development needs are approximately US$70 billion in annual funding requirement. This provides an opportunity for development finance institutions to partner with local players and international strategic investors to address this sector funding requirement.
“This collaboration between IIF and FinDev Canada can lead to joint projects in areas such as sustainable infrastructure finance. Furthermore, this partnership can unlock greater investment opportunities from Canada into IIF and Indonesia's infrastructure sector,” said Rizki Pribadi.
“This strategic collaboration with IIF underscores our commitment to support sustainable development and economic growth in the Indo-Pacific region. IIF brings industry knowledge in financing and advising infrastructure projects. Our partnership with IIF will enable us to leverage our combined expertise and resources to drive impactful projects in renewable energy and sustainable infrastructure in Indonesia,” said Lori Kerr, CEO, FinDev Canada.
About PT Indonesia Infrastructure Finance
IIF is a private non-bank financial institution, which is engaged in infrastructure financing and advisory services that are professionally managed and focused on commercially viable infrastructure projects. IIF was established on 15 January 2010 at the initiative of the Government of the Republic of Indonesia – Ministry of Finance of the Republic of Indonesia together with the World Bank Group, Asian Development Bank (ADB) and other multilateral institutions.
In its operations, IIF applies best practices based on international standards in providing credit, risk management, good corporate governance, and social and environmental protection standards to ensure the sustainability of infrastructure development in Indonesia. For more information and to learn about IIF, visit www.iif.co.id.
About FinDev Canada
FinDev Canada is Canada’s bilateral Development Finance Institution (DFI), supporting development through the private sector. We provide financing, investment, and blended finance solutions, as well as technical assistance and advisory, to promote sustainable and inclusive growth in emerging markets and developing economies (EMDEs), in alignment with the Sustainable Development Goals (SDGs) and Paris Agreement commitments. Find out more about FinDev Canada at www.findevcanada.ca.
Media Contact
FinDev Canada: Media@findevcanada.ca