REPUBLIKA.CO.ID, JAKARTA - State owned Indonesian Export Financing Agency (LPEI) targets to finance export loans worth 42.7 trillion IDR by the end of 2013. Executive Director of LPEI, I Made Gde Erata said LPEI had financed 32.1 trillion IDR of export loans until August 31, 2013.

"This financing including export loans to small medium enterprises, small micro enterprises, as well as medium enterprises," Erata said on Tuesday.

Since it was established four years ago, LPEI has increased its financing 3.3 times compared to earlier which recorded at 9.5 trillion IDR. Its assets also increased 3.5 times, from 11 trillion IDR to 43.1 trillion IDR. Due to increase of financing this year, LPEI has begun to enter export infrastructure financing.

Export financing has long period about six to seven years. Although it is a competitive financing, there are political risks to be borne. With the help of government, Erata hopes export loans could target nontraditional markets.

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