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IFC Works with Partners to Develop the First Private Credit Bureau in Indonesia

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Published on Jul 17, 2012

IFC and partners are moving forward with the first private credit bureau in Indonesia. Tony Lythgoe, IFC Credit Bureau Program Manager, discusses benefits and challenges of the credit bureau initiative.

As Indonesia's consumer credit rate grows rapidly, the private credit bureau will help store good track records from lenders and borrowers, and reduce the risk of non-performing loans involving banks, lenders, individuals, and businesses.

IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. For more information visit: http://www.ifc.org/eastasia.

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