As part of its stated goal of broadening available sources of funding beyond the State Revenue and Expenditure Budget (Anggaran Pendapatan dan Belanja Negara – “APBN”) through the development of creative financing schemes, the government is currently completing work on a new Draft Regulation (“Draft Regulation”) that will ultimately govern the provision of government guarantees (“Government Guarantees”), which will ultimately be utilized as de-risking instruments in order to strengthen the feasibility of projects and/or financing transactions.[1]
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