ADB approves 100 million USD loan to Indonesia to build infrastructure | World | Vietnam+ (VietnamPlus)

Friday, April 26, 2024 - 11:02:26

ADB approves 100 million USD loan to Indonesia to build infrastructure hinh anh 1

A light rail transit project under construction in Jakarta, Indonesia (Photo: AFP/VNA)

Jakarta (VNA) - The Asian Development Bank (ADB) has approved a 100 million USD loan to the Government of Indonesia to help boost private sector investments in infrastructure projects.

“The loan will help mobilize private sector investments to develop and finance much-needed infrastructure projects,” ADB Country Director for Indonesia Mr. Winfried F. Wicklein said in a news release. “ADB’s assistance will help close the infrastructure financing gap in Indonesia and raise the quality and standards of infrastructure projects.”

Indonesia’s infrastructure financing gap remains significant, with annual investment needs estimated to be more than 70 billion USD. Accelerating infrastructure development is a development priority of the Indonesian government.

In May this year, the ADB committed 2.6 billion USD this year to support Indonesia, primarily in infrastructure development./.

VNA

Asian Development Bank ADB Government of Indonesia ADB loan infrastructure projects infrastructure financing gap infrastructure development Vietnamplus Vietnam News Agency

You should also see

Leaders pay tribute to President Ho Chi Minh on National Reunification Day

Leaders pay tribute to President Ho Chi Minh on National Reunification Day

Leaders and former leaders of the Party, State, Government, National Assembly (NA), and Vietnam Fatherland Front (VFF) paid tribute to President Ho Chi Minh at his mausoleum in Hanoi on April 26 on the occasion of the 49th anniversary of the Liberation of the South and National Reunification Day (April 30, 1975-2024).

Energy industry needs nearly 5 trillion VND of investment in 2021-2030

Energy industry needs nearly 5 trillion VND of investment in 2021-2030

World economy’s recovery drives Vietnam’s exports

World economy’s recovery drives Vietnam’s exports

Hmong ethnic people preserving traditional blacksmithing

Culture - Sports

Hmong ethnic people preserving traditional blacksmithing

See more

Thailand expects wave of tourists during Golden Week

Thailand expects wave of tourists during Golden Week

The Tourism Authority of Thailand (TAT) estimates that about 996,000 foreign tourists will visit the Southeast Asian country between April 26 and May 5, known as the Golden Week holidays in Japan, during which Chinese tourists also prefer to travel overseas.

Argentinian media praises Dien Bien Phu Victory

Argentinian media praises Dien Bien Phu Victory

Argentinian newspapers have called Vietnam's Dien Bien Phu Victory (May 7, 1954) a symbol of the national liberation movement of oppressed and colonialised peoples worldwide.

Laos speeds up granting licences to foreign workers

Laos speeds up granting licences to foreign workers

Laos's Ministry of Labour and Social Welfare plans to issue visas to illegal foreign workers and extend permits to legal ones so that they can continue to work in the country.

Argentinian scholar praises Vietnam’s April 30, 1975 victory

Argentinian scholar praises Vietnam’s April 30, 1975 victory

The complete reunification of Vietnam on April 30, 1975 was an extremely significant event in the history of the country and the world, opined a scholar from the Institute for International Relations at the National University of La Plata, Argentina.

Malaysia tackles food security challenges

Malaysia tackles food security challenges

Empowering local communities in the agriculture sector to attract young people to this field is one of the measures taken by Malaysia to address labour shortage while also contributing to tackling challenges in food security.