US DFC sees Indonesia as crucial Indo-Pacific supply chain partner

Jakarta (ANTARA) - The US International Development Finance Corporation (DFC) sees cooperation with Indonesia as important for building robust supply chains across the Indo-Pacific region.

"DFC views Indonesia as an important partner in building more resilient, diversified, and secure supply chains across the Indo-Pacific," a DFC official said in a written response to ANTARA, as received here on Wednesday.

The institution also regards Indonesia as a meaningful market for potential DFC and private sector-led investment, particularly in infrastructure, energy, critical minerals, digital connectivity, and regional supply chain security.

The DFC is the US government's development finance institution and a key instrument of Washington's economic policy. The agency mobilizes private capital to support US foreign policy priorities and strategic economic development.

Following a recent congressional reauthorization, the DFC expanded its investment capacity from US$60 billion to US$205 billion.

This expanded authority is expected to enable the agency to pursue a wider range of commercially viable investments, while simultaneously advancing economic development and U.S. policy priorities.

Recently, DFC Chief Policy Officer Caroline Vik visited Jakarta as part of her Southeast Asia tour that took place from June 19 to 25.

During her visit, she met with a broad range of Indonesian leaders, from the private sector to the government.

Their discussions focused on how the DFC can support Indonesia's energy security through upstream exploration as well as midstream energy storage and transportation infrastructure development.

They also explored the potential for cooperation in the construction of new ports, initiatives to support the domestic mining and processing of critical minerals, and emerging opportunities in nuclear energy and financial services.

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Reporter: Uyu Septiyati Liman

Editor: Arie Novarina

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