Indonesia and LPEI Cooperate to Boost Indonesia’s Export Activities
Recently, Indonesia has been making headlines for its intent to boost its economy. With multiple collaborations and a clear vision of where it wants to be in the next 15 years, Indonesia is proactive in making it a reality. As such, Indonesia and LPEI cooperate actively to support national exports and hopes to benefit the country’s economy.
With the collaboration, Indonesia aims to create more jobs. A dynamic exporting activity can develop a trade balance and improve foreign exchange. Indonesia can also look forward to enhancing its brand image through the products it manufactures and exports to other countries.
As Indonesia and LPEI cooperate, the collaborations are seen in many ways, including the MoU signing between the Indonesian Export Finance Institution (LPEI) and a state-owned company called Indonesia Re. The LPEI and Bank Central Asia also signed a cooperation agreement to accelerate export growth.
Indonesia Re and LPEI
With the signing of a memorandum of understanding (MoU) with the (LPEI), a state-owned company known as Indonesia Re coordinates the efforts of several government agencies to encourage domestic exports.
The signing of the MoU can further the collaboration since 2014 and create opportunities for similar programs, such as future finance, insurance, and consultancy services.
Insurance is a crucial industry for promoting exports since it offers security for export invoices, protecting the exporters’ cash flow and enabling them to conduct business as usual.
BCA and LPEI
As PT Bank Central Asia Tbk. (BCA) consented to provide funding for businesses in a time-loan facility over a year’s tenure, LPEI could now further implement the law instruction to accelerate export growth via relevant avenues.
LPEI continues to collaborate with domestic banks to stimulate economic growth. This collaboration also demonstrates that LPEI, as a Special Mission Vehicle (SMV) under the Ministry of Finance, continues to obtain domestic financial institutions’ full faith and support to fulfil the legislation instruction to encourage national export performance.
The collaboration between BCA and LPEI since 2016 is a unique opportunity. These organisations enjoy sound effects along the voyage. Now, BCA extends its engagement by providing an extra IDR 1 trillion time loan facility. With such a facility, it will help to boost national export growth while also accelerating the National Economic Recovery programme.
Business Solution Provider for Every Entrepreneur
As Indonesia and LPEI cooperate, the economy is set to see a boost, especially from exporting companies. For entrepreneurs wanting to benefit from the national export acceleration, 3E Accounting offers advice and business solutions for exporting.
