JAKARTA. International Finance Corporation (IFC), has channelled USD 150 million, or IDR 2.3 trillion (assuming 1 USD is IDR 15,500), to a tech company, PT GoTo Gojek Tokopedia Tbk (GOTO).

Patrick Walujo, President Director of GoTo Group, said that this agreement, announced today (3/10), is further reasserting the mutual commitment in improving digital economic benefits and facing the challenge of climate change.

Walujo then said that strategic investment of IFC in GOTO also reflects a shared vision in enhancing access and opportunities in Indonesia. It also further cemented GOTO’s leading position in environment, social, and governance (ESG) practices in the region, as well as IFC’s global reputation as the support of best ESG practices.

“We are proud to partner with IFC, which is the leader in sustainability development, which is in accordance with mutual vision to realise significant impacts on community and earth,” said Walujo in a press release today (3/10).

GOTO and IFC will collaborate in promoting the in-depth financial inclusivity in Indonesia, as there are still 97 million unbanked adults recorded in this country. Furthermore, the collaboration of both parties is intended to reinforce and improve the strategy and implementation of ESG practices of GOTO. (AM/ZH)