Jakarta, Indonesia, 28 September 2021 - The Islamic Development Bank (IsDB) Regional Hub Indonesia organized a virtual conference with the representatives of the Government of Indonesia, namely the Ministry of National Development Planning (BAPPENAS) and Ministry of Finance.
The event specifically focused on IsDB’s Pricing Structure and Mark-up Rates Applicable on Sovereign Financing. The purpose of the meeting was to help address and clarify questions related to the Bank’s current Pricing Framework and the anticipated LIBOR transition.
Mr. Salah Jelassi, Regional Head of IsDB Group Regional Hub Indonesia, in his welcoming remarks, stated: “With today’s meeting, we hope that the Ministry of Finance (IsDB Governor’s Office) and the Ministry of National Development Planning will have a good opportunity to clarify, understand and appreciate the ongoing transformational processes related to the envisaged LIBOR transition as well as the mitigating measures undertaken to ensure the financial robustness and sustainability of the Bank and to safeguard its AAA-rating.”
During the meeting, the sides profoundly appreciated the outstanding partnership and unwavering support by IsDB while expressing desire to deepen the fruitful dialogue and cooperation in bolstering the Government’s developmental agenda and initiatives to successfully actualize the visualized rapid socio-economic recovery and resilient growth of Indonesia against the background of the formidable challenges, being posed by the ongoing COVID-19 pandemic.