The IDB Group designed a US$1 million Murabaha trade finance operation in Indonesia for CV Ujang Jaya and CV Arvis Sanada in the coffee sector, to meet their pre-export financing requirements. The operation’s impact in this structure was 2 fold. First, ITFC directly financed the pre-export working capital requirements of the Exporter. Second and more important, by making payment to the suppliers who were the cooperatives, the 6,000 farmers in all 5 cooperatives were able to get the funds earlier than having to wait for the payment from the final buyers.
The IDB Group and the Government of Indonesia are collaborating to improving the access and quality of teaching and learning at the Universitas Negeri Padang (UNP – State University of Padang), West Sumatera, as a part of its Humanitarian Emergency Response and Rehabilitation Package for the Earthquake in Sumatera, Indonesia.
The Project will facilitate the development and growth of industrial and commercial sectors, particularly small and medium enterprises (SMEs), essential for creation of new employment opportunities in the country.