Technical Assistance Management Facility III (TAMF III)

Background

The Indonesia - Australia Technical Assistance Management Facility for Economic Governance (TAMF) commenced in 1999, and in the first two phases provided A$19 million of technical assistance through more than 100 activities in a wide range of Indonesian Government agencies. These included: supporting the establishment of a specialised debt management unit within the Ministry of Finance; improving government tax revenues through activities undertaken at the Large Taxpayers Office (LTO); providing a critical monitoring function of the four state banks; audit training conducted for the Supreme Audit Board (BPK) and assisting the Indonesian Government meet its international anti-money laundering obligations.

The third phase - TAMF III - builds on these activities.

Description

The goal of TAMF III is to contribute to the reduction of poverty in Indonesia by supporting economic and financial reform by:

• Supporting economic planning and financial institutions develop strategies to achieve fiscal sustainability. Fiscal stability is critical to monetary and wider economic stability. This, in turn, is fundamental to improving the investment climate in Indonesia.
• Helping to improve the strength and integrity of the financial system. The costs of restructuring the financial system have largely been borne by the Indonesian Government and taxpayers, and activities that strengthen the financial system will therefore help consolidate Indonesia's financial position.
• Supporting activities to improve policies for infrastructure development, international trade, investment and tax administration reform.
• Working with a range of Indonesian Government agencies to strengthen public sector management through the Government Partnerships Fund (GPF).
• Appraising and responding to immediate and emerging issues in the economic governance sector.

Achievements/outcomes

TAMF Phase III builds on the achievements of the earlier phases. Examples of achievement include:

• Assisting in the roll-out of modern tax offices.
• Assisting in the auction of radio spectrum, which contributed to state budget revenue.
• Assisting the organisational restructuring of the newly merged BAPEPAM-LK (Capital Market Supervisory Agency and Financial Institution) and in anticipation of BAPEPAM-LK's future transformation into and/or participation of Indonesia's integrated financial service authority (OJK).

This page was last updated on 22 May 2007

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