RRI.CO.ID, Jakarta — The Indonesian government and the House of Representatives (DPR) agreed to move the deliberation of the Draft Law on the Indonesian International Financial Center (PFII Bill) to the Second-Level Discussion/Decision-Making stage at the House Plenary Session. The agreement was reached during a Commission XI Working Meeting at the Senayan Parliament Complex in Jakarta on Monday, July 20, 2026.

Indonesia's Finance Minister, Purbaya Yudhi Sadewa, expressed his appreciation for the cooperation and commitment of DPR Commission XI, which allowed the bill's deliberation to proceed in a constructive, productive, and effective manner. “The synergy between the government and the DPR reflects a shared commitment to strengthening the foundations of the national economy through the development of a more robust and globally competitive financial sector,” he stated.

The Minister emphasized that amid increasingly complex global economic dynamics, Indonesia needs a financial sector that is innovative, efficient, and integrated with the international financial system. Therefore, the establishment of the PFII is viewed as a strategic step to act as a catalyst for deepening financial markets, diversifying financing instruments and sources, increasing investment, and strengthening Indonesia’s position in the global financial ecosystem.

The establishment of the PFII also fulfills the mandate of Article 248A of Law No. 4 of 2026, which amends Law No. 4 of 2023 on the Development and Strengthening of the Financial Sector by requiring that provisions regarding the operation of the PFII be regulated by law.

“Therefore, this Law regulates the establishment and operation of the PFII as a region with a certain degree of autonomy and special status. It is supported by independent, modern, and internationally standardized institutions to facilitate financial sector activities and other globally oriented business activities,” he conveyed.

He stated that the establishment of the Indonesian International Financial Center (PFII) aims to enhance the country’s competitiveness and strengthen national economic sovereignty. This financial center will be tasked with consolidating financial sector activities as well as promoting financial deepening and innovation.

In addition, the PFII is expected to strengthen financing for the real sector to create jobs and accelerate technology transfer for Indonesia’s human resources. Finally, the PFII is also designed to bolster the contributions of the green economy, Islamic finance, and internationally competitive digital technologies.