DPR Approves PFII Law, Indonesia Ready to Build International Financial Center

Indonesia's government and the House of Representatives (DPR) have officially approved the Law on the Indonesia International Financial Center (PFII) during a plenary session on Tuesday, July 21, 2026. This swift legislative action followed the agreement on the PFII draft law by all factions in the DPR's Commission XI on Monday, July 20, 2026.

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We will ask all factions whether the Draft Law on the Indonesia International Financial Center (PFII) can be approved to become Law?

House Speaker Puan Maharani formally announced the bill's passage, receiving unanimous 'agree' responses from DPR members before striking the gavel. The process moved rapidly, with the draft law being included in the National Legislation Program (Prolegnas) for 2026 just about a month prior, on June 23, 2026.

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Agree!

Finance Minister Purbaya Yudhi Sadewa described the enactment of the PFII law as a crucial and historic decision for Indonesia's economic development. He emphasized the need for a strategic leap to bolster economic resilience, diversify financing sources, and solidify Indonesia's standing as an emerging economic powerhouse amidst global economic challenges.

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The enactment of the Law on PFII is a crucial and historic decision for Indonesia's economic development. In the midst of challenging global economic dynamics, Indonesia needs a strategic leap by strengthening economic resilience, diversifying development financing sources, and solidifying Indonesia's position as an emerging economic powerhouse on the global stage.

The PFII initiative stems from the recognition that as the largest Southeast Asian nation and a G20 member, Indonesia requires a credible, independent, and globally competitive financial center. Minister Sadewa clarified that the PFII is not intended to replace the existing domestic financial system but rather to enhance it with a world-class, integrated ecosystem. He assured that the government and DPR engaged in constructive discussions throughout the legislative process to ensure the PFII would be attractive globally while safeguarding national interests.

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The existence of PFII is not to replace the existing domestic financial system, but to complement it with a world-class, integrated ecosystem. Throughout the long discussion process up to the first-level discussion working meeting, the government and the DPR have discussed constructively to ensure that the PFII Draft Law is not only attractive to the global sector but also ensures a commitment to national interests.