">Singapore, 12 February 2026 — Canada’s bilateral development finance institution, FinDev Canada announces the signing of a USD 30 million loan to PT Indonesia Infrastructure Finance (IIF) during the Canada-in-Asia Conference (CIAC) organised by Asia Pacific Foundation of Canada. The loan will strengthen low-carbon economic growth in Indonesia through the financing of sustainable infrastructure projects. With this deal, FinDev Canada officially enters the Indonesian market, marking its first-ever investment in Indonesia.
The loan will improve access to financing for renewable energy projects that contribute to climate mitigation efforts, while strengthening Indonesia’s infrastructure capacity and resilience.
Indonesia is currently navigating an energy transition as it seeks to balance increasing demand with its climate objectives. To this end, the country has established a target for renewables to comprise 31% of the national energy mix by 2050, a shift intended to support long-term economic resilience.
Indonesia also faces increasing climate risks, including floods, droughts, and sea-level rise. In response, the country has committed to diversifying the energy mix and achieving net-zero emissions by 2060, reflecting the need for climate-resilient, and low-carbon infrastructure investment.
IIF plays a significant role in the development of Indonesia’s infrastructure sector through its funding and advisory services. Leveraging its strong expertise and country knowledge, FinDev Canada’s commitment builds upon the memorandum of understanding signed in 2025. This partnership helps advance the bilateral agenda between Canada and Indonesia by supporting key infrastructure projects that enhance trade, create economic opportunities, and promote sustainable development.
The CIAC event brought together over 700 senior policymakers, business leaders, investors, and experts from Canada and across the Asia Pacific.
“Indonesia, Canada’s largest export market for goods within ASEAN, represents a strategic opportunity for sustainable development. Through our ongoing partnership with Indonesia Infrastructure Finance, a leading player in sustainable infrastructure, we can strengthen renewable energy and support mutual prosperity in the Indo-Pacific,” said Paulo Martelli, VP and Chief Investment Officer, FinDev Canada.
“This financing strengthens our capacity to support Indonesia’s energy transition and climate-resilient infrastructure development. Through this partnership with FinDev Canada, we are able to expand access to long-term financing for renewable energy and sustainable infrastructure projects that contribute to Indonesia’s low-carbon growth agenda. We value FinDev Canada’s confidence in IIF and look forward to deepening this collaboration to deliver meaningful social & environmental impact,” said Rizki Pribadi Hasan, President Director/CEO, IIF.
For 16 years, IIF has been mandated as a key catalyst in Indonesia’s infrastructure development.
By financing a diverse range of vital infrastructure, IIF has significantly boosted Indonesia’s sustainability and connectivity: it has enabled nearly 709.9 MW of renewable energy to power over 709,900 homes while cutting approximately 4.92 million tons of annual CO₂ emissions and provided clean water access to approximately 7.2 million people.
IIF also improved public welfare by developing healthcare facilities with over 1,000 hospital beds to serve hundreds of thousands of patients annually across Indonesia.
PT Indonesia Infrastructure Finance
PT Indonesia Infrastructure Finance (“IIF”) is a private non-bank financial institution, which is engaged in infrastructure financing and advisory services that are professionally managed and focused on commercially viable infrastructure projects. IIF was established on 15 January 2010 at the initiative of the Government of the Republic of Indonesia. Currently, the ownership of IIF is held by PT Sarana Multi Infrastruktur/SMI (Persero), Asian Development Bank (ADB), the International Finance Corporation (IFC) which is part of the World Bank, Deutsche Investitions-und Entwicklungsgesellschaft (DEG) which is fully owned by KfW, and Sumitomo Mitsui Banking Corporation (SMBC).
In its operations, IIF applies best practices based on international standards in providing credit, risk management, good corporate governance, and social and environmental protection standards to ensure the sustainability of infrastructure development in Indonesia.
Further Queries:
Suli Indah Lestari
Head of Corporate Affairs, People and Culture Division
PT Indonesia Infrastructure Finance
Telp: (021) 2991 5060;
Fax: (021) 2991 5061;
E-mail: [email protected]
Social Media:
• Instagram: @pt_iif
• LinkedIn: IndonesiaInfrastructureFinance
About FinDev Canada
FinDev Canada is Canada’s bilateral development finance institution, supporting development through the private sector. We provide financing, investment, and blended finance solutions, as well as technical assistance and advisory, to promote sustainable and inclusive growth in emerging markets and developing economies (EMDEs), in alignment with the Sustainable Development Goals (SDGs) and Paris Agreement commitments. Find out more about FinDev Canada at www.findevcanada.ca.
