ADB to provide 2.7 billion USD in loans to Indonesia in 2020
The ADB plans to increase its total lending to Indonesia to 2.7 billion USD in 2020 from the 1.7 billion USD in 2019, the bank’s President Masatsugu Asakawa said on March 3.
Jakarta (VNA) – The ADB plans toincrease its total lending to Indonesia to 2.7 billion USD in 2020 from the 1.7billion USD in 2019, the bank’s President Masatsugu Asakawa said on March 3.
Of the amount, 500 million USD is intended tosupport Indonesia in enhancing its competitive capacity, and another 500million USD will go to a financial inclusionprogramme.
The ADB president said the ADB wants to expand its support for human capitaldevelopment and infrastructure connectivity in Indonesia.
Accordingto him, the bank has committed to funding several projects in South Sulawesiincluding the Mamminasata toll-road project, low-costapartment developments and a clean water programme.
The ADB also plans to finance priority projects of the Indonesian governmentand the private sector, Asakawa said.
Inthe time ahead, the bank will focus on providing support in clean energy,higher education and skills development as well as innovative green and bluefinancing./.
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Illustrative image (Photo: Internet) 
