JAKARTA (Yosefardi) – The Government of Indonesia will implement the National Interest Account (NIA) for strengthening the financing for export.
This is part of the government’s economic policy package for phase one released on Wednesday (Sept. 9).
The NIA application is to respond the current negative trend of the country trade balance in the past one year. While the rupiah depreciation against the US dollar also affected the trade deficit.
The government has assigned Lembaga Pembiayaan Ekspor Indonesia (LPEI), Indonesian Eximbank, to handle this NIA program which is non viable for commercial term, but benefit for the country’s export.