ADB provides Indonesia with 400 mln USD loan
The Asian Development Bank (ADB) has provided Indonesia with a loan of
400 million USD to put in place the necessary regulations and
infrastructure to drive economic growth.
The Asian Development Bank (ADB) has provided Indonesia with a loan of
400 million USD to put in place the necessary regulations and
infrastructure to drive economic growth.
The loan aims to support Indonesian policy reforms that help improve its transport connectivity and logistics in order to reduce poverty and regional development gaps, Director General of ADB’s Southeast Asia Department James Nurgent said.
After booming in recent years, Indonesia’s economy has started to slow down due to the impact of the financial crisis on its main importers, such as the US and European Union.
Poor infrastructure and high logistics costs have dragged down Indonesia’s integration into the global manufacturing network.
The loan from the bank will cover the second phase of a programme that aims to strengthen regulatory frameworks for transport and logistics, enhancing international connectivity by making the country’s ports more efficient, especially providing priority conditions to develop the east of the country, Indonesia’s poorest area.-VNA
The loan aims to support Indonesian policy reforms that help improve its transport connectivity and logistics in order to reduce poverty and regional development gaps, Director General of ADB’s Southeast Asia Department James Nurgent said.
After booming in recent years, Indonesia’s economy has started to slow down due to the impact of the financial crisis on its main importers, such as the US and European Union.
Poor infrastructure and high logistics costs have dragged down Indonesia’s integration into the global manufacturing network.
The loan from the bank will cover the second phase of a programme that aims to strengthen regulatory frameworks for transport and logistics, enhancing international connectivity by making the country’s ports more efficient, especially providing priority conditions to develop the east of the country, Indonesia’s poorest area.-VNA
You should also see
PM attends ceremony to start work on Him Lam resistance centre renovation project
Prime Minister Pham Minh Chinh on April 17 attended a ceremony to start work on a project to renovate Him Lam resistance centre, a part of the Dien Bien Phu complex of fortifications in the northern mountainous province of Dien Bien.
See more
World
Indonesia raises alert level to highest, warns of tsunami as volcano erupts
An airport in Madano city, the capital of Indonesia’s North Sulawesi province, has been ordered closed while hundreds of people evacuated and the alert level raised to the highest on April 18 due to large-scale volcanic eruptions of Mount Ruang.
World
ASEAN culture promoted in Mexico
Typical and diversified culture of ASEAN countries is being promoted at the ongoing ASEAN Week at the headquarters of Mexico’s Chamber of Deputies in Mexico city from April 15-19.
World
Thailand, New Zealand agree to elevate ties to strategic partnership
Thailand and New Zealand on April 17 agreed to upgrade bilateral ties to a strategic partnership by 2026, on the occasion of the 70th anniversary of bilateral diplomatic ties.
World
Japan’s 2024 Diplomatic Bluebook sketches out cooperation orientation with ASEAN
The Foreign Ministry of Japan on April 16 announced its 2024 Diplomatic Bluebook, which clarifies the country's orientations to expand relations with the Association of Southeast Asian Nations (ASEAN) in general and Vietnam in particular.
World
Indonesia’s Ruang volcano erupts, hundreds evacuated
At least 800 people in Indonesia’s North Sulawesi province have been evacuated after the area’s Ruang volcano has spewed lava and ash clouds into the sky for days, Indonesia’s volcanology agency said on April 17.
