G20 Bali Global Blended Finance Alliance Partners Welcome International Financial Center in Bali with Roundtable on Blended Finance for Sustainable Development

PRESS RELEASE

Kura Kura Bali, Indonesia — May 23, 2026 — The G20 Bali Global Blended Finance Alliance (GBFA) and leading international institutions and development partners, welcomed President Prabowo Subianto’s vision to establish an International Financial Center in Bali.

The announcement by Minister of Finance Republic of Indonesia, H.E. Purbaya Yudhi Sadewa, Chairman of the National Economic Council Republic of Indonesia, H.E. Luhut Binsar Pandjaitan, and Minister of Investment and Downstreaming Republic of Indonesia, H.E. Rosan Roeslani (represented by Deputy for Investment Cooperation, H.E. Andre Omer Siregar) came alongside the convening of the 4th SIRI Blended Finance Decisionmakers Roundtable held at the United in Diversity (UID) Campus within the Kura Kura Bali Special Economic Zone (SEZ). The roundtable was co-organised with Colombia University’s Sustainable Investing Research Initiative (SIRI), bringing together global financial leaders, multilateral institutions, impact investors, donor agencies, and senior government officials to discuss the future of blended finance and sustainable investment. The roundtable also welcomed Special Envoy of the President for International Trade and Multilateral Cooperation and Vice Chair of the National Economic Council Republic of Indonesia, H.E. Mari Elka Pangestu, and Deputy Minister of Coordinating Ministry of Food Affairs Republic of Indonesia, H.E. Nani Hendiarti.

The gathering convened representatives and senior experts from institutions including the World Bank, Asian Development Bank (ADB), International Finance Corporation (IFC), United Nations Development Programme (UNDP), KfW, Asian Infrastructure Investment Bank (AIIB), GIZ, Australian government, Moody’s Ratings, Convergence, NUS, Women’s World Banking, Allied Climate Partners, Temasek Trust, Danantara Indonesia, Indonesia Investment Authority (INA), PT SMI, Indonesia Endowment Fund for Education (LPDP), other major development and investment organisations.

The roundtable focused on advancing blended finance solutions across critical sectors such as energy transition, forest conservation, blue economy, urban resilience, financial inclusion, and human capital development. Participants explored how catalytic and concessional capital can accelerate investments that generate both financial returns and measurable environmental and social impact.

As the home of the G20 Bali GBFA, Bali is increasingly positioned as a strategic platform for sustainable finance, leveraging its international profile, policy momentum, and emerging innovation ecosystem. President Prabowo’s proposed International Financial Center, modelled after leading global financial hubs such as the Dubai International Financial Centre (DIFC), is envisioned as a Special Economic Zone dedicated to financial services and global investment collaboration.

The proposed center aims to attract wealth while deepening its engagement with international markets and sustainable investment ecosystems. Beyond conventional finance, the initiative seeks to integrate environmental and social outcomes directly into financial architecture through instruments such as green bonds, blue carbon credits, forest resilience notes, and inclusive financial technology solutions.

Quote from H.E. Purbaya Yudhi Sadewa, Minister of Finance, Republic of Indonesia

“The Bali International Financial Centre is a bold vision set in a place that is attractive to high-net-worth family offices, funds, and investors. This offers opportunities for our foreign exchange and reduction of our lending rates. Transition finance, digital finance, and future-oriented real sector investments for Indonesia’s long-term transformation can also link with Sovereign Wealth Funds Danantara, INA, PT SMI, and BPDLH. Importantly, this is not simply about creating another financial district. We want the G20 Bali GBFA to be anchored in the Bali International Financial Centre to become a gateway connecting global capital, technology, and talent with Indonesian opportunity. These best practices and collaboration can be shared with other developing countries and beyond.”

Coordinating Ministry of Food Affairs represented by Deputy Minister H.E. Nani Hendiarti offered to be prototype. Colombia University launched book on “Case Studies on Blended Finance and Sustainable Investing in Indonesia” unveiled at the historic Chatham house rule Roundtable to enable open discussion.

The G20 Bali GBFA itself emerged from the THK Forum, co-organized by the United in Diversity (UID) Foundation, the Sustainable Development Solutions Network (SDSN), and the International Chamber of Commerce (ICC), with support from organizations including the OECD, World Bank, IFC, and other multilateral partners. The alliance was acknowledged during the G20 Bali Leaders’ Summit as a pioneering initiative aimed at addressing the global Sustainable Development Goals (SDGs) financing gap.

As momentum continues to build around Indonesia’s sustainable finance agenda, the May 23rd Roundtable reaffirmed the commitment of international partners and the G20 Bali GBFA to mobilise catalytic capital, strengthen global collaboration, and accelerate climate and SDG outcomes across developing countries.

About G20 Bali Global Blended Finance Alliance (GBFA)

The G20 Bali Global Blended Finance Alliance (GBFA) is an international organisation with a global collaborative platform established to accelerate blended finance solutions for sustainable development and climate action. Emerging from the THK Forum ecosystem, the alliance brings together governments, multilateral institutions, philanthropies, investors, and development organisations to mobilize innovative financing mechanisms that support the achievement of the Sustainable Development Goals (SDGs). | Press Release source