The Asian Development Bank (ADB) will provide Indonesia with 4.6 million USD to help the country implement four poverty reduction projects.
To this effect, an agreement was signed between representatives of the ADB in Indonesia and the Indonesian Ministry of Finance in the capital city of Jakarta on September 17.
Under the agreement, the ADB will provide 2 million USD for a pilot project to develop sustainable livelihood for poor coastal communities in East Kalimantan province.
The bank will also spend 2.6 million USD on three technical assistance projects on reforming social welfare system to mitigate risks for the poor from economic shocks, improving financial access for residents in Aceh and North Sumatra provinces, and enhancing financial administration and risk management.
In 2012, the ADB supplied a total of 21.6 billion USD for poverty reduction and development projects in regional countries.-VNA
To this effect, an agreement was signed between representatives of the ADB in Indonesia and the Indonesian Ministry of Finance in the capital city of Jakarta on September 17.
Under the agreement, the ADB will provide 2 million USD for a pilot project to develop sustainable livelihood for poor coastal communities in East Kalimantan province.
The bank will also spend 2.6 million USD on three technical assistance projects on reforming social welfare system to mitigate risks for the poor from economic shocks, improving financial access for residents in Aceh and North Sumatra provinces, and enhancing financial administration and risk management.
In 2012, the ADB supplied a total of 21.6 billion USD for poverty reduction and development projects in regional countries.-VNA
