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ARTICLE · 11 FEBRUARY 2016

Procedure Of Procuring Financing From Foreign Private Creditors

Prior implementing financing procurement from FPC, it is necessary to conduct selection towards prospective FPC by the selection Committee ("Committee").

IndonesiaGovernment, Public Sector
Panji Satria
Panji Satria

Background

Procedure of procuring financing from foreign private creditors ("FPC") is governed under Minister of Finance Regulation No. 45/PMK.08/2014 of 2014 ("MFR No. 45/2014"). This regulation has been enforced to renew the previous one, namely Minister of Finance Regulation No. 14/PMK.08/2012 of 2012 ("MFR No. 14/2012") which is considered inappropriate with the current condition.

Types of Financing

Several types of financing that are offered are in the form of:

  1. single loan, given by FPC to finance a certain activity or package of activities;
  2. club deal, given jointly by more than one FPC put in a separate loan agreement for each FPC to finance a certain activity or package of activities and or;

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