The World Bank Implementation Status & Results Report Indonesia Infrastructure Finance Facility (P092218) Indonesia Infrastructure Finance Facility (P092218) EAST ASIA AND PACIFIC | Indonesia | Finance, Competitiveness and Innovation Global Practice | IBRD/IDA | Investment Project Financing | FY 2009 | Seq No: 26 | ARCHIVED on 26-Jun-2023 | ISR56815 | Implementing Agencies: Asian Development Bank (ADB), International Finance Corporation, PT Indonesia Infrastructure Finance, PT Sarana Multi Infrastruktur, Republic of Indonesia Key Dates Key Project Dates Bank Approval Date: 24-Jun-2009 Effectiveness Date: 25-Apr-2011 Planned Mid Term Review Date: 17-Jun-2012 Actual Mid-Term Review Date: 18-Jul-2012 Original Closing Date: 31-Dec-2013 Revised Closing Date: 31-Dec-2023 pdoTable Project Development Objectives Project Development Objective (from Project Appraisal Document) The objective of the Project is to strengthen and further develop the institutional framework of the financial sector to facilitate financing of commercially viable infrastructure projects and thereby increase provision of private infrastructure in Indonesia. Has the Project Development Objective been changed since Board Approval of the Project Objective? Yes Board Approved Revised Project Development Objective (If project is formally restructured) To strengthen the financial capacity of IIF to increase the access to private sector financing for infrastructure in Indonesia Components Table Name On-lending of Bank loan to eligible infrastructure projects:(Cost $100.00 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO Satisfactory Satisfactory Overall Implementation Progress (IP) Satisfactory Satisfactory Overall Risk Rating Substantial Substantial Implementation Status and Key Decisions The Project Development Objective (PDO) of the IIFF is to strengthen the financial capacity of IIF to increase access to private sector financing for infrastructure in Indonesia. The IIFF Additional Financing (AF) became effective on September 26, 2017 and a total of USD162.7 or 81 percent of the AF has been disbursed to date. PDO achievement and overall implementation progress continue to be Satisfactory. The project continues to strengthen IIF’s financial capacity to invest in commercially viable infrastructure projects; thereby increasing access to private sector financing for infrastructure in Indonesia. IIF has in effect leveraged about 22.5 times of its capital in support of total infrastructure project costs under its portfolio, 6/26/2023 Page 1 of 4 The World Bank Implementation Status & Results Report Indonesia Infrastructure Finance Facility (P092218) which is an exceptional achievement in comparison to the project end target of 4 times. The World Bank loan funds disbursed helped IIFF mobilize over USD11 billion in total infrastructure investment costs as at March 31st, 2023. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance -- Moderate Moderate Macroeconomic -- Moderate Moderate Sector Strategies and Policies -- Moderate Moderate Technical Design of Project or Program -- Moderate Moderate Institutional Capacity for Implementation and -- Moderate Moderate Sustainability Fiduciary -- Low Low Environment and Social -- High High Stakeholders -- Substantial Substantial Other -- -- -- Overall -- Substantial Substantial Results PDO Indicators by Objectives / Outcomes Project Development Objective IN01310184 ►The amount of financing from Bank funds provided by IIF to commercially viable infrastructure projects. (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 136.93 162.69 200.00 Date 28-Feb-2017 30-Sep-2022 05-May-2023 31-Dec-2023 IN01310185 ►The amount of private capital supported by IIF relative to its own investment. (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 21.81 22.50 4.00 6/26/2023 Page 2 of 4 The World Bank Implementation Status & Results Report Indonesia Infrastructure Finance Facility (P092218) Date 28-Feb-2017 30-Sep-2022 31-Mar-2023 31-Dec-2023 . Comments: IN01310266 ►Number of infrastructure financing supported by IIF using innovative financing, such as: (i) rupiah financing; (ii) take out financing; (iii) maturity greater than 10 years. (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 72.00 71.00 3.00 Date 28-Feb-2017 30-Sep-2022 31-Mar-2023 31-Dec-2023 Innovative financing deals include 42 Rupiah-denominated; 1 takeout financing; 26 with maturity >10 Comments: years; 1 cash deficiency support; and 1 credit enhancement. Intermediate Results Indicators by Components Intermediate Results Indicators IN01310267 ►Infrastructure sub-projects financed (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 56.00 56.00 7.00 Date 28-Feb-2017 30-Sep-2022 31-Mar-2023 31-Dec-2023 IN01310268 ►Number of IIF advisory engagements (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 30.00 22.00 7.00 Date 28-Feb-2017 30-Sep-2022 30-Mar-2023 31-Dec-2023 Overall Comments IR Number of advisory engagements include 15 completed and 7 ongoing. Performance-Based Conditions Data on Financial Performance Disbursements (by loan) 6/26/2023 Page 3 of 4 The World Bank Implementation Status & Results Report Indonesia Infrastructure Finance Facility (P092218) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P092218 IBRD-77310 Closed USD 100.00 99.88 0.12 99.88 0.00 100% P092218 IBRD-87150 Effective USD 200.00 200.00 0.00 162.69 37.31 81% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P092218 IBRD-77310 Closed 24-Jun-2009 15-Jan-2010 25-Apr-2011 31-Dec-2013 31-Mar-2017 P092218 IBRD-87150 Effective 24-Mar-2017 29-May-2017 26-Sep-2017 28-Feb-2022 31-Dec-2023 Cumulative Disbursements Restructuring History Level Approved on 22-Oct-2013 ,Level 2 Approved on 30-Nov-2015 ,Level 2 Approved on 23-Nov-2016 ,Level 2 Approved on 12-Oct-2021 Related Project(s) P154779-Indonesia Infrastructure Finance Facility - Additional Financing 6/26/2023 Page 4 of 4