Lembaga Pembiayaan Ekspor Indonesia (Indonesia Eximbank)
The history of modern mankind has been the story of international trade. So prevalent is international trade on a global scale that it is one of the most influential activities that define modern civilization, today. The ability to secure a significant share of the global trade market is crucial to any nation. Simply because exports represent the key indicator of national economic growth. To date, the export market share of Indonesia is only 0.98% of the global export market. Compared to other developing nations in Asia, we are still lagging behind. Currently, India commands a 1.2% share of the market, whereas Thailand also holds more than 1.0% market share.
Increasing Indonesia’s penetration of the world‘s export markets is not as easy as turning one’s palm. The market situation of global trade today is highly competitive. While Indonesia’s role and activities in international trade still depends largely on the exporters themselves. In many nations throughout the world, efforts to increase industrial strengths and dominate world markets are undertaken, among other things by establishing the so-called sovereign financial institution with the aim of helping exporters penetrate global markets. Hence, US businesses enjoy the full support of the U.S. Eximbank In Germany there is the Kreditanstalt ffur Wiederaufbau (KfW). In Japan, the Japan Bank for International Cooperation (JBIC) and virtually every major trading nation has similar institutions, including in China, India, Korea and Thailand.
In Indonesia, the initiative to form such institution has been in progress since a decade ago. PT Bank Ekspor Indonesia (Persero) or BEI that was formed based on Government Regulation No. 37 of 1999 is the embryo of a sovereign financial institution under the name of the Indonesia Eximbank or Lembaga Pembiayaan Ekspor Indonesia (LPEI). On the basis of Presidential Decree No. 6 of 2007, the President of the Republic of Indonesia has declared that export is to be developed through LPEI.
In its preparatory measures to become Indonesia Eximbank, BEI has both strengthened and enhanced its business units, including treasury, corporate risk financing, and bank risk financing as well as Islamic banking. With Indonesia Eximbank, Exporters from Indonesia can obtain export-financing facilities that are more comprehensive and needed such as Buyer’s Credit, political risk insurance, guarantee for offshore projects and others.
|Address:||Ged. BEJ, Tower II, Lt. 8, Jl. Jend. Sudirman Kav. 52-53,|
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