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Public Expenditure Support Facility (DPL-DDO)

Abstract*

The Indonesia Public Expenditure Support Facility (PESF), in the form of a USD 2 billion single tranche Development Policy Loan (DPL) with a Deferred Drawdown Option (DDO), comes at a critical time for Indonesia, and is designed to support Indonesia's key development efforts at this time of need. Like many other developing economies, Indonesia has had to cope with the immediate ripple effects of the turmoil and crisis of confidence that has disrupted...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

The proposed Public Expenditure Support Facility (PESF) of USD 2 billion i s a DPL with Deferred Drawdown Option (DDO). Its main objective is to assist the Government of Indonesia (GoI) in addressing the potential adverse impacts of the ongoing global financial crisis on public expenditures during 2009/10. Learning the lessons from the crisis of 1997/98, the Go1 would like to ensure that essential public expenditures are maintained even during this period of stress. Therefore, the Go1 would like to put in place arrangements that would give international and domestic markets confidence to enable it to raise needed resources from them. These arrangements include a set of confidence-boosting policy measures and back-up financing arrangements - a part of which is the proposed loan. This support would be available, if the current stress in the market continues and is aimed at reducing the possibility of a financing shortfall. The loan will support the GoI#s efforts in the following policy areas: (1) reassuring financial markets and maintaining financial system stability (2) sustaining critical public expenditures while maintaining budget discipline and (3) facilitating private investment and supporting exports.

Key Details

Project Details

  • P115199

  • Closed

  • Enrique Blanco Armas

  • N/A

  • Indonesia

  • January 29, 2009

  • (as of board presentation)

    March 3, 2009

  • August 12, 2009

  • US$ 2000.00 million

  • N/A

  • Not Applicable

  • December 31, 2010

  • BANK APPROVED

  • August 20, 2020

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 2000.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 2000.00
IDA Commitment N/A
IBRD + IDA Commitment 2000.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 2000.00

Summary Status of World Bank Financing (US$ Millions) as of July 31, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of July 31, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Aug 15, 2024 IBRD-76580 Int Charges 665.28
Feb 15, 2015 IBRD-76580 Int Charges 44,211.10
Feb 15, 2024 IBRD-76580 Int Charges 132,865.75
Feb 15, 2024 IBRD-76580 Loan Repay 172,500.00
Mar 3, 2009 IBRD-76580 Loan Commitment 2,000,000,000.00
Feb 15, 2023 IBRD-76580 Int Charges 99,098.56
Feb 15, 2023 IBRD-76580 Loan Repay 172,500.00
Aug 15, 2023 IBRD-76580 Int Charges 124,894.39
Aug 15, 2023 IBRD-76580 Loan Repay 172,500.00
Aug 15, 2024 IBRD-76580 Loan Repay 172,500.00
Feb 15, 2022 IBRD-76580 Loan Repay 172,500.00
Feb 15, 2022 IBRD-76580 Int Charges 34,365.06
Aug 15, 2022 IBRD-76580 Int Charges 46,597.44
Aug 15, 2022 IBRD-76580 Loan Repay 172,500.00
Feb 15, 2021 IBRD-76580 Int Charges 41,398.46
Feb 15, 2021 IBRD-76580 Loan Repay 172,500.00
Aug 15, 2021 IBRD-76580 Int Charges 36,284.59
Aug 15, 2021 IBRD-76580 Loan Repay 172,500.00
Aug 15, 2019 IBRD-76580 Int Charges 104,075.00
Feb 15, 2020 IBRD-76580 Loan Repay 172,500.00
Feb 15, 2020 IBRD-76580 Int Charges 87,655.56
Aug 15, 2020 IBRD-76580 Int Charges 75,901.70
Aug 15, 2020 IBRD-76580 Loan Repay 172,500.00
Feb 15, 2018 IBRD-76580 Int Charges 73,088.90
Aug 15, 2018 IBRD-76580 Int Charges 86,980.56
Feb 15, 2019 IBRD-76580 Int Charges 99,922.22
Feb 15, 2017 IBRD-76580 Int Charges 66,444.44
Aug 15, 2017 IBRD-76580 Int Charges 68,880.56
Aug 15, 2015 IBRD-76580 Int Charges 44,747.23
Feb 15, 2016 IBRD-76580 Int Charges 49,066.66
Aug 15, 2016 IBRD-76580 Int Charges 57,127.78
Aug 15, 2013 IBRD-76580 Int Charges 46,758.33
Feb 15, 2014 IBRD-76580 Int Charges 46,000.00
Aug 15, 2014 IBRD-76580 Int Charges 43,490.27
Aug 15, 2024 IBRD-76580 Int Charges 125,154.08

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Progress towards achievement of PDO Satisfactory 2010-06-30
Monitoring and Evaluation Highly Satisfactory 2010-06-30
Program Management Satisfactory 2010-06-30

COMPLETION RATINGS

INDICATORIMPLEMENTATION COMPLETION & RESULTS REPORT: 01-06-2012
OutcomesHighly Satisfactory
Risk to Development OutcomeNegligible
Bank PerformanceSubstantial
Borrower PerformanceHighly Satisfactory
Government PerformanceHighly Satisfactory
Implementing AgencyHighly Satisfactory

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 05-30-2017PROJECT PERFORMANCE ASSESSMENT REPORT: 09-06-2012
Outcome RatingSatisfactory Satisfactory
Risk To Development OutcomeModestModerate
Bank PerformanceSatisfactorySatisfactory
Borrower PerformanceSatisfactorySatisfactory
Government PerformanceNot RatedSatisfactory
Implementing AgencySatisfactorySatisfactory
Icr QualityNot RatedSatisfactory
M&e QualityModestModest

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • Reassuring financial markets and maintaining financial system stabilityValueUncertain financial environment. Potential risk ofNo banking or financial crisis has occurred. The Avert financial crisis or if occurs, authorities r
    DateFebruary 1, 2009June 30, 2010December 31, 2010
    Comment
  • Maintain share of a)social spending and b)infrastructure investments in central government expenditure relative to 2008.Valuea) Social spending is 5.9% of central government ea) Social spending is 7.9% of central government eMaintain share of a)social spending and b)infrastr
    DateDecember 31, 2008June 30, 2010December 31, 2010
    Comment
  • Increase capital expenditure disbursement rates in first half relative to 2008.Value22.3% of capital expenditures disbursed in first h26.3% of capital expenditures disbursed in first hIncrease in percentage of capital expenditures dis
    DateDecember 31, 2008June 30, 2010December 31, 2010
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • GoI access to financial markets - credit ratingValueS&P:BB-/Stable/BFitch:BBMoody:Ba3S&P:BB/Positive/BFitch: BB+Moody: Ba2Maintain or improve rating
    DateFebruary 2, 2009June 30, 2010December 31, 2010
    Comment