Home » World » ADB will provide Indonesia with $ 2.7 billion in loans – Wednesday 4 March 2020

ADB will provide Indonesia with $ 2.7 billion in loans – Wednesday 4 March 2020

The Asian Development Bank (ADB) will provide approximately $ 2.7 billion in loans this year to support Indonesia’s human capital, infrastructure and green energy development. ADB President Masatsugu Asakawa said the bank planned to provide Indonesia with more loans this year than the $ 1.7 billion provided in 2019. The bank plans to provide Indonesia with $ 500 million for a program. to improve competitiveness and another $ 500 million for a financial inclusion program this year. “This is an increase of $ 1 billion but is still an expected amount,” Asakawa said at a press conference in Jakarta on Tuesday after a meeting with President Joko “Jokowi” Widodo. “We want to expand ADB’s support for human capital development and infrastructure connectivity.” In his inaugural speech at the beginning of his second term, Jokowi announced that his administration would give priority …

Leave a Comment