Indonesia's Infrastructure Finance Development (IIFD) - RE

Development Objective

The Program Development Objectives (PDO) for IIFD is to assist Indonesia in closing its large public infrastructure gap by supporting the flow of private capital into infrastructure development and improving the institutional, legal and regulatory framework to enhance the ability of private capital and public institutions to work together for infrastructure Development.

Key Details

Project Details

Project ID
P157490
Status
Closed
Team Leader
Jenny Chao
Borrower 2
Republic of Indonesia

Country
Indonesia
Disclosure Date
January 12, 2016
Approval Date
(as of board presentation)
April 22, 2016
Effective Date
April 25, 2016

Total Project Cost 1
US$ 7.40 million
Implementing Agency
Republic of Indonesia
Region
East Asia and Pacific
Fiscal Year 3
2016

Commitment Amount
US$ 7.40 million
Environmental Category
A
Environmental and Social Risk
Not Applicable
Closing Date
December 31, 2022

Consultant Services required
Yes
Last Stage Reached
BANK APPROVED
Last Update Date
June 29, 2023

Notes
1. Total project cost includes funding from World Bank and non-bank sources in US$ millions. Active and Closed projects show current commitments. Proposed (pipeline) and dropped projects show the forecast amount. The commitment amount for projects in the pipeline is indicative and may be modified during the project preparation.
2. Borrower refers to the Borrower of a Loan or Recipient of a Grant.
3. ”Fiscal Year” is the fiscal year in which the project was approved (or dropped if the status is dropped). The World Bank's fiscal year is from July 1 - June 30. For example, a fiscal year of 1996 corresponds to July 1, 1995 - June 30, 1996.

Sectors

Themes

FY17 - Finance

FY17 - Financial Stability50%
- FY17 - Financial Sector oversight and policy/banking regulation & restructuring50%

FY17 - Private Sector Development

FY17 - Jobs17%
- FY17 - Job Creation17%
FY17 - Public Private Partnerships10%

FY17 - Urban and Rural Development

FY17 - Rural Development17%
- FY17 - Rural Infrastructure and service delivery17%
FY17 - Urban Development17%
- FY17 - Urban Infrastructure and Service Delivery17%

Project Map

Interactive Map

Finances

Financing Plan (US$ Millions)

Financier	Commitments
INDONESIA INFRASTRUCTURE FINANCE DEVT	7.40

Total Project Financing (US$ Millions)

Product Line	IBRD/IDA
IBRD Commitment	N/A
IDA Commitment	N/A
IBRD + IDA Commitment	N/A

Lending Instrument
Grant Amount	7.40
Total Project Cost**	7.40

Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025

No data available.

Detailed Financial Activity as of April 30, 2025

No data available.

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name	Review	Date
Monitoring and Evaluation	Satisfactory	2022-06-30
Project Management	Satisfactory	2022-06-30
Progress towards achievement of PDO	Satisfactory	2022-06-30
Procurement	Satisfactory	2022-06-30
Financial Management	Satisfactory	2022-06-30
Overall Implementation Progress (IP)	Satisfactory	2022-06-30

COMPLETION RATINGS

INDICATOR	IMPLEMENTATION COMPLETION & RESULTS REPORT: 06-30-2023
Outcomes	Substantial
Risk to Development Outcome
Bank Performance	Substantial
Borrower Performance
Government Performance
Implementing Agency

INDEPENDENT EVALUATION RATINGS

INDICATOR	ICR REVIEW: 11-20-2023	PROJECT PERFORMANCE ASSESSMENT REPORT:
Outcome Rating	Satisfactory	N/a
Risk To Development Outcome		N/a
Bank Performance	Satisfactory	N/a
Borrower Performance		N/a
Government Performance		N/a
Implementing Agency		N/a
Icr Quality	Modest	N/a
M&e Quality	Modest	N/a

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Support the Government in Private/ PPP investment in infrastructure (Water, Telecom, energy, transportation) as percent of GDP Value 0.59 1.12 0.00
Date September 30, 2014 March 31, 2022
Comment
Amount of PPP investment in infrastructure Value 327400000.00 13250000000.00 0.00
Date September 30, 2014 March 31, 2022
Comment

INTERMEDIATE RESULTS INDICATORS

INDICATOR		BASELINE	CURRENT	TARGET

Sucessfully Piloted Initial PPP Projects Value 0.00 13.00 0.00
Date September 30, 2014 May 31, 2023
Comment
Number of Competitively Tendered Project Value 0.00 14.00 0.00
Date April 21, 2016 May 31, 2023
Comment
Number of PDF proposal document completed Value 17.00 29.00 0.00
Date October 11, 2019 May 31, 2023
Comment
Fully Functional PPP Unit Established Including Relevant Decision Making Authority for PPP Implementation Value 0.00 1.00 0.00
Date September 30, 2014 May 31, 2023
Comment
Development of coordination forum among PPP stakeholders and having regular meeting Value 0.00 1.00 0.00
Date April 25, 2016 March 31, 2023
Comment
Project Ready for Bid/FS has Completed Value 2.00 20.00 0.00
Date April 21, 2016 March 31, 2023
Comment

New 5 years infrastructure PPP program (2020-2024) focusing on certain sectors (water, urban, transport, waste management, housing,gas distribution, and health) is developed	Value	0	PPP Unit Business Plan has been developed and pres
	Date
	Comment

Identify and Address Critical Legal and Regulatory Bottlenecks for Infrastructure Finance and Development Value 1.00 2.00 0.00
Date September 30, 2014 March 31, 2023
Comment
Critical regulatory bottlenecks are amended or changed Value 0.00 2.00 0.00
Date September 30, 2014 March 31, 2023
Comment
Duration of Project Cycle From Preparation until Bid Award Value 7.00 1.50 0.00
Date
Comment

Strengthening regulation and national policy framework "Academic Paper to strengthen infrastructure financing framework under Omnibus Law" is completed	Value	0	PPP Unit in close coordination with Legal Consulta
	Date
	Comment

Support the Government in Private/ PPP investment in infrastructure (Water, Telecom, energy, transportation) as percent of GDP	Value	0.59	1.12	0.00
	Date	September 30, 2014	March 31, 2022
	Comment

Amount of PPP investment in infrastructure	Value	327400000.00	13250000000.00	0.00
	Date	September 30, 2014	March 31, 2022
	Comment

Number of PDF proposal document completed	Value	17.00	29.00	0.00
	Date	October 11, 2019	May 31, 2023
	Comment

Project Ready for Bid/FS has Completed	Value	2.00	20.00	0.00
	Date	April 21, 2016	March 31, 2023
	Comment

Identify and Address Critical Legal and Regulatory Bottlenecks for Infrastructure Finance and Development	Value	1.00	2.00	0.00
	Date	September 30, 2014	March 31, 2023
	Comment

Duration of Project Cycle From Preparation until Bid Award	Value	7.00	1.50	0.00
	Date
	Comment