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
