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Roaring Indonesia enterprises go global

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Economic Diplomacy is one of Indonesia’s foreign policy priorities. Among it’s various forms and mechanisms, trade, investment, export and import are the most recognized terms. As a priority, Ministry of Foreign Affairs (MFA) have encouraged many stakeholders to be involved, and the recent one is Ministry of State-Owned Enterprises (MSOEs). It is expected that by collaborating with the MSOEs would shaping Indonesia’s Economic Diplomacy.

The main idea of this paper is to expand and to strengthen the MoU between MFA and MSOEs that delivered “BUMN Go Global” with financial approach through Indonesia Eximbank and Indonesia Financial Institutions (IFIs). It is suggested that by adding the Eximbank and IFIs into the targeted foreign projects would be seen as an incentive and shall increase the possibilities of contracting the projects. Therefore, there are three model of financial approaches that could be proposed; Model 1, Eximbank shall provide loans to BUMN; Model 2, Eximbank shall provide loans to BUMN and Foreign Entities; and Model 3, Eximbank and IFIs shall provide loans to BUMN and Foreign Entities.

In applying these models, MoFA plays an important role. MoFA shall positioning itself as the catalyst to connect all stakeholders. Therefore, MoFA, MSOEs and Eximbank shall collaborate with, at least, four objectives, first, advancing Mission’s market intelligence that contain feasible foreign projects and meet with BUMN and Indonesia Eximbank / IFIs interest. Second, enable Missions to promote BUMN, Indonesia Eximbank and IFIs to foreign entities, third, enable Eximbank to share expertise to the Missions and BUMN with regard to the foreign projects feasibility, and fourth, enable MoFA, BUMN and Eximbank/IFIs to conduct regular meeting in preparing targets of foreign projects;

It is also suggested that MoFA shall apply to be the non permanent member of Special Assignment’s Committee whose responsible for deciding Eximbank’s funds on export oriented projects. As a member of Special Assignment Committee, MoFA would be able to determine financial approach to Mission’s Economic Diplomacy. Therefore, MoFA would be having a holistic approach, as a “frontliner” that collect foreign projects and as a “manager” that determine the strategy of financial approach.

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Ketersediaan

2023-0017

Sesdilu 74-2023

Training Materials Repository

Tersedia

Informasi Detail

Judul Seri

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No. Panggil

Sesdilu 74-2023

Penerbit

Jakarta : Kementerian Luar Negeri., 2023

Deskripsi Fisik

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Bahasa

English

ISBN/ISSN

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Klasifikasi

NONE

Tipe Isi

text

Tipe Media

computer

Tipe Pembawa

online resource

Edisi

-

Subjek

-

Info Detail Spesifik

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Pernyataan Tanggungjawab

UPT Sekolah Staf Dinas Luar Negeri

Versi lain/terkait

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