Indonesian infra financier IIF to hike lending, focus on social sectors

Indonesian infra financier IIF to hike lending, focus on social sectors

Jakarta, Indonesia. Photo by Azka Rayhansyah

Indonesia Infrastructure Finance (IIF), the state-backed non-bank financial institution, is targeting to deploy around 20 trillion rupiah ($1.36 billion) towards infrastructure financing in the country by 2024, nearly double the current level of 12 trillion rupiah ($827 million), CEO Reynaldi Hermansjah told DealStreetAsia.