ANNOUNCEMENT 09 Feb 2016In February 2016, the government of Indonesia announced a change in its trade finance instruments.
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Indonesian Eximbank press release 1 (in Bahasa Indonesia)
Indonesian Eximbank press release 2 (in Bahasa Indonesia)
Indonesian Eximbank press release 3 (in Bahasa Indonesia)
Indonesian Eximbank press release 4 (in Bahasa Indonesia)
On 9 February 2016, the Indonesian Eximbank announced in a press release that it would provide 270 billion IDR (ca. 20 million USD) to finance the provision of 150 Indonesian-made rail carriages by. Bangladesh Railways.
The carriages will be delivered by the end of September 2016.
The Eximbank stated that the move comes after the decree from the Ministry of Finance 1156/KMK.08/2015 introduced last year required the bank to support export financing of the rail industry. However, this decree is not available on the website of the Ministry.
Bangladesh did not import rail carriages worth more than 1 million USD in 2015 from a single country. Hence, no affected trading partners were selected.