ADB WILL LOAN INDONESIA US$900 MILLION
TEMPO Interactive, Jakarta: The Asian Development Bank (ADB) will loan between US$800 million and $900 million to the Indonesian government. This was conveyed in a meeting of the Consultative Group on Indonesia (CGI) in Jakarta, today. “This is a soft loan with market interest,” said ADB Director Edgar Cua, in Jakarta yesterday (12/6).
Edgar said the loan will be used for the economic reform program, and infrastructure project and program. The loan will also be used for development in social welfare including education and health. For 2007, ADB has also planned to lend between US$1 billion and $1.1 billion.
ADB, said Edgar, took into account the improvement in Indonesia's macro-economic condition. For that reason, ADB suggested that the government invest to increase economic growth. “From the budget aspect, the government has an opportunity for higher investment to increase economic growth,” he said. ADB will also support the Indonesian government in the reform of finance.
Edgar said the loan will be used for the economic reform program, and infrastructure project and program. The loan will also be used for development in social welfare including education and health. For 2007, ADB has also planned to lend between US$1 billion and $1.1 billion.
ADB, said Edgar, took into account the improvement in Indonesia's macro-economic condition. For that reason, ADB suggested that the government invest to increase economic growth. “From the budget aspect, the government has an opportunity for higher investment to increase economic growth,” he said. ADB will also support the Indonesian government in the reform of finance.
posted by Zumrowi Yunus at
1:06 AM
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