World Bank approves $300 million loans for Indonesia's financial sector
thumbnail

World Bank approves $300 million loans for Indonesia’s financial sector

guest article

guest article

JAKARTA – The World Bank said on Monday it has approved a $300 million loan for Indonesia to assist in financial sector reforms.

The loan will provide budget support for Indonesia’s reform agenda by expanding financial market outreach, allowing more focus on technology, and promoting sustainable finance practice, it said in a statement.

Indonesia’s chance to escape middle-income trap

The approval came after the Indonesian government announced that the 2020 budget deficit may widen beyond its current forecast of 2.5% of gross domestic product amid pressures from coronavirus outbreak.


Article source: https://www.investing.com/news/economy/world-bank-approves-300-million-loan-for-indonesias-financial-sector-reforms-2118246

Share this post

Share on facebook
Share on google
Share on twitter
Share on linkedin
Share on pinterest
Share on print
Share on email
Close Menu
invest islands magazine

Free Download

WAIT! Do you know which questions you should ask before investing in Indonesia?

Download our investment guide to find out how foreigners can purchase property in the fastest growing island tourism economy in southeast Asia!

1
Hello 👋🏼 can we help you?
Powered by