Indonesia Blue Economy

Development:

Financing Strategy

Ministry of National Development Planning/

Bappenas
ICCTF
 The Importance of Blue Financing in Indonesia

RPJM 2020-2024 7 DEVELOPMENT

AGENDA

Strengthening economic resilience for quality and

equitable growth FINANCING GAP
03 Needs
Fiscal
Develop areas to reduce inequality and ensure equity
• Measurement
US$ 1.64 Trillion is required to finance
7 National Development Agendas.
Improving quality and competitive human resources
• Only 20-25% of state budget is
available. 75-80%
Mental revolution and cultural development

RPJM 2024:
Strengthening infrastructure to support economic
development & basic services
Indonesia's Vision 2045 Strategy to improve

The contribution of the maritime sector maritime, fisheries and

Building the environment, increasing disaster reaches 12.5% to GDP in 2045. marine management.
resilience and climate change
"Required innovative
Strengthening Polhukhankam stability and public
service transformation
financing"
 Financing to Support Marine, Maritime and Fisheries

Source: Climate Policy Initiative (2021)

 Blue Categorized as social and sustainability bonds.

Bond/Sukuk

Potential Blue Parametric Type of insurance to accommodate the uncertainty

occur in business.
insurance
Finance
Instruments Environmental
Innovative financing tool that uses a Pay for
Success approach to provide up-front capital from
private investors for environmental projects.
impact bond

Substantial discounts on the debt owed to its

Debt-for-Nature creditors in exchange for investments towards
conservation and enacting environmental
Swap protection measures.

Source: Blue Finance Policy Note (2022)

 Current Policies Regarding Blue Financing in Blue Finance Policy Note

Indonesia

Blue Economy
GREEN BLUE Development
Bond/Sukuk Bond/Sukuk Framework

US$3.5 billion & EUR 500 million

Rp5.4 trillion

Provide guidance to
SDG Security Framework ensure that the
existing blue finance
strategic policy align
with SDG Security
Framework.

Kemenkomarves’s Blue
Financing Strategy
 Key Steps to Develop Blue Finance in Indonesia

RECOMMENDATION ACTION

Strengthening the Investment

Framework and Taxonomy
RECOMMENDATION ImproveACTION
classification for terms of Blue Finance to support general criteria for
(Classification) for Blue Finance sustainable blue activities’ investment (Eligibility) .

Strengthening integration and

availability of information, awareness, Identifying types of investment in the framework of a strategy to invite and handle
capacity and scale for investment investments that can create sustainable business.

Prepare pipeline (upstream-downstream Financing “large-scale investment” stimulate investors to obtain viable and credible
path) Investment business opportunities (Portfolio).

Reducing the impact of high and low

Government and financial institutions establish supply chain values by providing
risk mitigation arrangements
education on risk minimization on business process.

Source: Blue Finance Policy Note (2022)

“The importance of blue economy
development as Indonesia is the richest
country in terms of marine biodiversity”

(Musrembangnas, May 2021)

 Website www.icctf.or.id

Email
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