Indonesia to get an extra USD2.2b loan in 2016| MENAFN.COM

Sunday, 07 August 2022 11:11 GMT

Indonesia to get an extra USD2.2b loan in 2016

(MENAFN) Indonesia will continue to receive support from the Asian Development Bank (ADB) as the latter plans to give an estimated USD2.2 billion as a loan in 2016, which reflects a 40 percent surge compared to 2015.

The huge loan is aimed at assist the infrastructure development in the Southeast Asian country, corresponding to the government's ongoing efforts to step up construction of infrastructure projects to help shoot economic growth.

"Indonesia certainly needs much more financing for bigger-scale development," clarified the ADB Vice President after meeting Indonesian Vice President at the vice presidential office.

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