To ease the materialization of large projects, the government has created a guarantee enterprise (BUPI) for the project companies to access loans from banks and private financial institutions. One of the newly created state owned enterprises under the Ministry of Finance is the Indonesia Infrastructure Guarantee Fund (IIGF or also known as PT PII Persero) which has the following tasks: providing contingent support for the Government of Indonesia by guaranteeing any contractual risks in relation to government actions; improving the quality of PPP transactions; pushing for a fixed and accountable approach for PPP implementation, with IIGF as the single.
