Indonesia introduces Muslim bonds at IMF-WB meetings

Indonesia has introduced Green Sukuk, an Islamic bond used for financing environmentally-friendly projects, at the ongoing International Monetary Fund-World Bank (IMF-WB) annual meetings in Nusa Dua, Bali.

Wednesday, October 10, 2018 17:47

Jakarta (VNA) – Indonesia hasintroduced Green Sukuk, an Islamic bond used for financing environmentally-friendlyprojects, at the ongoing International Monetary Fund-World Bank (IMF-WB) annualmeetings in Nusa Dua, Bali.

Speaking at a seminar entitled “Green Finance for Sustainable Development” onOctober 9, Indonesian Finance Minister Sri Mulyani Indrawati expressed her confidencethat the Green Sukuk bonds will have an important role in securing sustainabledevelopment.

In a discussion with World Bank Vice President Arunma Oteh on cooperationbetween the government and private firms to boost economic growth withoutsacrificing the environment, she revealed that the Indonesian Government issuedGreen Sukuk in March 2018 and has collected 1.25 billion USD in funds tofinance environmentally-friendly projects.

Meanwhile, Oteh said that she supported Sri Mulyani’s statement, stressing thatthe financing scheme looked promising for the continuation of green projects.

“The world is now focusing on projects that are based on sustainability. Ifgovernments worldwide can fully commit to protecting the environment, manyinternational investors will be looking to invest in their projects,” she said.

The annual IMF-WB annual meetings are taking place in Bali, Indonesia, fromOctober 8-10. TheASEAN Leaders’ Gathering (ALG) is scheduled on the sidelines of the meetings.It is organised under the initiative of host Indonesia, and will be co-chairedby Indonesian President Joko Widodo and Singaporean Prime Minister Lee HsienLoong.–VNA

VNA

#Muslim bonds #IMF-WB meetings #Green Sukuk #International Monetary Fund #World Bank ♏#Indonesian Finance Minister Sri Mulyani Indrawati #environmentally-friendly projects #ASEAN Leaders’ Gathering #updated Vietnam news #Vietnamplus #Vietnam News Agency Indonesia

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