Photo for illustrative purposes only. A geothermal power plant in Sumatera, Indonesia.

Islamic Finance

Indonesia postponing green infrastructure projects as it focuses on COVID-19


JAKARTA – Indonesia is postponing green infrastructure projects as the state budget focuses on managing the economic fallouts from the COVID-19 pandemic.

"Several infrastructure projects have been postponed because we are trying to refocus our spending but that does not mean we cancel them,” Luky Alfirman, Director General of Budget Financing and Risk Management at the Ministry of Finance told Salaam Gateway.

Some expenditures for multi-year projects with maturities that can be extended beyond 2020 will be continued in 2021.

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tags:

Green financing