The COVID-19 pandemic that is still happening in Indonesia has also disrupted the economy. Micro, small and medium enterprises (MSMEs) which are the backbone of the economy are expected to survive to support the needs of supply chains that involve millions of workers.
Therefore, the Indonesian Export Financing Agency (LPEI)/Indonesia Eximbank which is a Special Mission Vehicle (SMV) of the Ministry of Finance seeks to increase national exports.
There is an assignment to assist MSMEs in the form of a special export assignment (PKE) in addition to the government guarantee program (Jaminah) for the corporate segment which aims to restore the national economy.
Director-General of State Assets Ronald Silaban revealed that in terms of funding and financing, DJKN collaborated with LPEI to be able to manage the Government Guarantee Program and Export Special Assignments to MSMEs affected by COVID-19. “So they can maintain their operational activities. This program is expected to help the National Economic Recovery program,” said Rionald in his statement, Wednesday (17/8/2021).
According to him, increasing the capacity of MSMEs has become the focus and role of LPEI in carrying out its mandate, especially those that are export-oriented. LPEI continues to help MSMEs from both financial and non-financial aspects to be able to upgrade to become good exporters.
LPEI’s Managing Director II, Maqin Noorhadi said Andemi did not prevent the Ministry of Finance from increasing the class of MSMEs to become exporters.
“In the first semester our MSME financing has achieved a net growth of IDR 355 billion from a total financing of IDR 14.5 trillion which was distributed to a number of industries such as paper, food and beverage, textiles and others. Of the IDR 14.5 trillion, almost 60% We are restructuring to maintain the continuity of the MSME business,” he said
This financing also includes a special export assignment (PKE) from the Government which we have also managed to disburse in the amount of Rp 408 billion.
LPEI also increases the MSME class through programs that target the improvement of non-financial aspects. These programs include the Coaching Program for New Exporters (CPNE), which is a pilot training program for new exporters, the Foreign Exchange Village, which is a commodity-based community development program to generate foreign exchange, and marketing handholding, which is a program to market local MSMEs through a global marketplace. . In addition, LPEI also calculates the impact of the financing provided.
Maqin said that as SMV, LPEI also considered developmental aspects in financing. Based on a study that we carried out together with the Bogor Agricultural Institute (IPB), the Rp 90.4 trillion financings that had been disbursed by LPEI had a positive impact on increasing national investment by 2.43 times or Rp 219 trillion, Gross Domestic Product (GDP) 2, 45 times worth Rp 221 trillion and national exports 3.53 times worth Rp 319 trillion,
The tangible results of MSME financing carried out by LPEI have had an impact that can be felt by the community directly. This achievement is also expected to continue and of course requires assistance from all parties. It is hoped that the role of LPEI in helping MSMEs to improve their class to become global locals can continue to be carried out.