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ADB Set to Provide More Loans for Indonesia

8 July 2015 16:00 WIB

TEMPO.CO, Jakarta - The Asian Development Bank (ADB) is ready to multiply the value of its future loans for Indonesia. The gesture is based on, among others, the fact that there has never been any problem in debts payment over the last eight years.

"Will we raise our loan disbursement by three or four times," ADB Indonesia director Steven R. Labor said yesterday.

This year, the ADB has earmarked a new debt of US$ 1.5 billion for Indonesia, an increase of from last year's US$710 million.

Steven said US$1 billion of the loan will be used for the construction of basic infrastructure projects such as sanitation, agriculture, water, and roads. The remaining US$500 million will likely be allocated to Bappenas' green book, with the potential of becoming a carryover fund for the next year or as a standby loan post.

Haryo Aswicahyo, an international economic observer from CSIS, asked the government to prioritize domestic lending to avoid the risks of collapsing currency exchange rates.

ANDI RUSLI | ALI HIDAYAT | SINGGIH SOARES



Indonesia Maintains Its Macroeconomic Stability With Good Consumer Confidence

9 hari lalu

Indonesia Maintains Its Macroeconomic Stability With Good Consumer Confidence

Indonesia's macroeconomic stability is maintained with good consumption and adequate foreign exchange reserves.


Finance Minister Meets Asian Development Bank, Discussing Optimization in Southeast Asia

23 Agustus 2023

Finance Minister Meets Asian Development Bank, Discussing Optimization in Southeast Asia

Finance Minister Sri Mulyani met Asian Development Bank (ADB) and discusses the optimization of ADB's role in Southeast Asia.


Finance Ministry Partners With Asian Development Bank to Combat Climate Change

27 Juli 2023

Finance Ministry Partners With Asian Development Bank to Combat Climate Change

Fiscal Policy Agency of the Finance Ministry partnered up with Asian Development Bank (ADB) to combat climate change.


Jokowi, Sri Mulyani Discuss Macroeconomics and 2024 State Budget

20 Februari 2023

Jokowi, Sri Mulyani Discuss Macroeconomics and 2024 State Budget

Minister of Finance Sri Mulyani Indrawati, conducted a limited meeting with President Joko "Jokowi" Widodo on Monday, February 20, 2023.


ADB Names New Country Director for Indonesia

1 September 2021

ADB Names New Country Director for Indonesia

The Asian Development Bank (ADB) on Wednesday, appoints Jiro Tominaga as a new Country Director for Indonesia.


ADB Predicts Indonesia's Economic Growth at Around 4%

31 Agustus 2021

ADB Predicts Indonesia's Economic Growth at Around 4%

The Asian Development Bank or ADB predicted that Indonesia's economy will grow 4 percent in 2021.


ADB Backs Indonesia's Fight against COVID-19 with $3mn Grant

31 Maret 2020

ADB Backs Indonesia's Fight against COVID-19 with $3mn Grant

The Asian Development Bank (ADB) approved a $3 million grant in support of the Indonesian government's fight against the coronavirus (COVID-19).


Jokowi Critical Against Sandiaga Uno`s Macroeconomics Approach

15 April 2019

Jokowi Critical Against Sandiaga Uno`s Macroeconomics Approach

Jokowi was critical against Sandiaga Uno's use of individual testimonies to represent the condition of Indonesia's macroeconomy.


Money Should Serve People, Not the Other Way Around, Pope Said

19 Oktober 2018

Money Should Serve People, Not the Other Way Around, Pope Said

The Pope is urging once again that the world leaders should
really serve public interests as well as consider ethics and
solidarity.


West Java Experienced Economic Growth

19 Oktober 2018

West Java Experienced Economic Growth

The growth is driven by solid domestic demands and export
prospects.