Our Chairperson of Paloma Sjahrir Foundation, Ratna Kartadjoemena, had the honor of moderating the “Indonesia Spotlight: Championing Inclusive Growth” panel at Orange Forum 2025. From government, regulators, investors, and grassroots institutions, each speaker showed how systemic change happens when policy, capital, and community move in sync:
🌱 Chandra A.S. Wibowo (Deputy Director, Government Debt Securities Market Development and Deepening, Ministry of Finance, Republic of Indonesia):
Indonesia’s sovereign green, SDG, and blue bonds prove that sustainable financing can be both innovative and fiscally responsible, driven by strong policy clarity, market credibility, and continuous innovation — all while advancing national development goals without compromising macroeconomic stability.
🛡️ Wista Amalia Narulita (Senior Deputy Director of Capital Market Regulation and Development Department, Otoritas Jasa Keuangan (OJK)):
Through regulatory certainty, clear sustainable finance frameworks, and tangible incentives, OJK is strengthening market integrity while actively reducing cost barriers for issuers — ensuring sustainable finance grows with transparency, trust, and real accountability.
🍊 Antya Widita (Senior Vice President, Impact Investment Exchange (IIX)):
IIX is mobilising capital through the Orange Movement™️ to level the playing field for women-led MSMEs — and with a USD 1.7 trillion SDG financing gap and 64 million MSMEs, most led by women, Indonesia is at a pivotal moment for inclusive capital.
🎓 Veronica Colondam (Independent Commissioner, PT PNM (Persero) and CEO & Founder, YCAB Foundation):
PNM, serving over 15 million underserved women through microfinance, has pioneered Indonesia’s first Orange Bond & Sukuk. Alongside this, YCAB provides education-conditional loans that have driven 65% income growth and strengthened women’s role in household financial decisions — demonstrating how finance can unlock both economic and intergenerational impact.
📊 Indra Darmawan (Chairperson of the Indonesia National Partner Advisory Board, Indonesia Impact Alliance):
To unlock real impact, innovative instruments must be matched with strong data, capable intermediaries, and investable pipelines so capital truly reaches underserved communities.
This conversation showed one clear truth: inclusive and sustainable finance is no longer aspirational — it is happening now through collaboration, accountability, and real action.
