Among the MOUs signed during Prime Minister Datuk Seri Anwar Ibrahim’s maiden visit to Indonesia as the country’s leader was the one between Export-Import Bank of Malaysia Berhad with Lembaga Pembiayaan Ekspor Indonesia the Export Import Bank equivalent in Indonesia (“Indonesia Eximbank”), which is to strengthen cooperation in business relationships between the two nations.
Under the MoU, both parties are to recognise the growth potential and investment opportunities between Malaysia and Indonesia and maintain active dialogue and streamlined communication channel for referrals of projects of mutual interest. They will also explore training and secondment opportunities in credit, risk underwriting, and documentation, on top of considering joint client outreach programmes to facilitate bilateral trade growth.
Commenting on the occasion, Eximbank CEO Arshad Ismail said: “MEXIM and Indonesia Eximbank share a relationship that we hope to take to greater heights as we value the opportunity to collaborate and strengthen the cooperation we have with them. I consider Indonesia Eximbank a particularly important partner and look forward to maintaining an active dialogue and communication channel for continued business and referral projects.”
Sharing her view on this MoU, Executive Director Riyani Tirtoso Riyani said: “The MoU between Lembaga Pembiayaan Ekspor Indonesia/Indonesia Eximbank and MEXIM will enable the two institutions to overcome economic development challenges by providing market-oriented innovative products in a sustainable manner from economic, social and environmental aspects. This collaboration also aims to increase the capacity of both parties so that Indonesia and Malaysia are able to open wider market access, which is not only between these two countries, but we will also work together to unlock markets with other countries. Together, we will support business investment and remain resilient in a competitive market.”
Both corporations hold unique mandates; MEXIM was established to provide credit financing, export credit takaful, guarantee services, and facilities to support exports and imports of goods, services and overseas projects and investments with emphasis on non-traditional markets. On the other hand, Indonesia Eximbank’s main objective is to boost national export growth and assist exporters in expanding their business capacity. Both banks are wholly owned by their respective Governments.