EIB strengthens engagement with a new Regional Representation Office in Jakarta

Finance Minister of the Republic of Indonesia, Sri Mulyani Indrawati
Finance Minister of the Republic of Indonesia, Sri Mulyani Indrawati (KalderaNews/Fajar H)
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JAKARTA, KalderaNews.com – The European Investment Bank (EIB), the Bank of the European Union (EU), and the world’s largest multilateral lender, opened its Regional Representation Office for South-East Asia and the Pacific in Jakarta, Indonesia.

EIB Office in Jakarta will work to ensure that the development loans granted in cooperation with our financial partners accelerate growth, make rural areas more prosperous, transform cities into innovation hubs and strengthen economies.

The EIB Jakarta Office follows the decision from the EIB shareholders 27 EU Member States to create its dedicated development branch, the EIB Global and strengthen international presence of the bank.

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Kris Peeters, Vice President of the EIB, who is in charge of Bank operations in South East Asia said: “I am delighted to open our new regional representation office in Jakarta. It reinforces Team Europe presence in Indonesia, South-East Asia, and the Pacific, The EIB office will contribute to fostering new, multi-million investment opportunities in projects which help the region tackle its most urgent investment needs, all in a green, sustainable way.”

“In Indonesia, alone, we are ready to invest up to EUR 1 billion in projects each year, and I invite the country’s public and private sector to consider our invitation to partner on the ambitious green and sustainable development of the country and its economy,” he said.

“We want to establish ourselves as a reliable partner of Indonesia and South-East Asia and help ensuring for the country and the region to grow and develop in a way that is green, sustainable and empowering. limiting the effects of climate change, and strengthening the national independence of EU partner countries.”

EIB Vice-President Kris Peeters
EIB Vice-President Kris Peeters (KalderaNews/Fajar H)

EU Ambassador to Indonesia Vincent Piket said: “With EIB’s permanent presence in Jakarta, we can do more to strengthen EU-Indonesia partnership on climate action, the energy transition and on sustainable urban development.”

“EIB’s permanent presence on the ground will ensure proximity and an increased EIB operational delivery capability, as well as closer institutional ties with national authorities. We hope that this will bring our close cooperation to the next level.

Sunita Lukkhoo, new Head of the EIB Regional Representation for South-East Asia and the Pacific said: “The EIB is bringing to South-East Asia more affordable long-term financing as well as our advisory support for project preparation.”

The EIB Jakarta Office was formally launched in Indonesia in the presence of government, business and banking leaders, civil society, and the diplomatic corps.

Finance Minister of the Republic of Indonesia, Sri Mulyani Indrawati joined EIB Vice-President Kris Peeters, and EU Ambassadors to Indonesia, Vincent Piket, and ASEAN Igor Driesmans to formally open the EIB’s new EIB office today, the EIB Office will be located at the same premises as the EU Delegation to Indonesia and EU Delegation to ASEAN, with a regional representation office in Suva, Fiji, covering the Pacific.

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