INA, Export Development Canada ink $600m partnership to explore investments

Export Development Canada (EDC) has committed up to $600 million to support investments by the Indonesia Investment Authority (INA), under a new partnership aimed at boosting bilateral trade and investment.

The Market Leader Partnership Memorandum of Understanding (MoU), signed in Ottawa, sets a framework for collaboration between the two institutions. The agreement will target projects with an Indonesia-Canada nexus in priority sectors such as infrastructure, clean technology, renewable energy, and agrifood, according to an announcement on Thursday (Sept 25).

Indonesia was Canada’s largest export market in Southeast Asia in 2024. To strengthen its presence, EDC opened a representative office in Jakarta in September 2023.

“Canada and Indonesia share a dynamic partnership rooted in trade, investment, and people-to-people ties,” said International Trade Minister Maninder Sidhu. “This collaboration with EDC will give Canadian businesses a stronger foothold in agriculture, cleantech, and infrastructure. It will also support jobs in Canada while deepening our role in one of the world’s fastest-growing regions.”

INA chief executive Ridha Wirakusumah said the partnership will help channel Canadian capital into Indonesia while creating long-term value. “Beyond financing, the collaboration is about structuring credible opportunities that attract global capital, bring innovation, and deliver tangible socio-economic impact,” he said.

EDC’s Senior Vice-President for International Markets, Todd Winterhalt, described Indonesia as a major investment destination for Canadian exporters. “Our partnership with INA reflects EDC’s dedication to fostering robust socio-economic growth in the country and the region,” he said, adding that the cooperation would strengthen trade ties, particularly in renewable energy, clean technologies, and infrastructure.

Established in 2020, INA plays a central role in mobilising investment for Indonesia’s development agenda, covering transport, logistics and infrastructure, digital transformation, green energy, healthcare, and the blue economy. EDC, Canada’s export credit agency, will leverage its financing tools and ties with Canadian companies to promote business opportunities in these sectors.

DealStreetAsia earlier reported that INA aims to close a substantial number of investments in the second half of 2025, making up for several projects delayed earlier in the year due to global instabilities. As of May 2025, INA’s total investments stood at around 65.4 trillion rupiah ($4 billion), translating to an annual average of 13-15 trillion rupiah over the past five years. Setiawan said INA hopes to slightly exceed that benchmark in 2025.

In 2024, INA executed eight investments across priority sectors worth 19.5 trillion rupiah—5.6 trillion rupiah from INA and 13.8 trillion rupiah from co-investors. By December 2024, the fund had completed 15 investments, bringing total capital deployment to nearly 61 trillion rupiah, of which 24.9 trillion rupiah came directly from INA and 36 trillion rupiah from co-investors.

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