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WB announces new development framework for Indonesia
The World Bank (WB) Group Board of Executive Directors has endorsed a new five-year Country Partnership Framework for Indonesia, which is expected to deliver more than US$10 billion in support for infrastructure development and social programs to reduce poverty
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The World Bank (WB) Group Board of Executive Directors has endorsed a new five-year Country Partnership Framework for Indonesia, which is expected to deliver more than US$10 billion in support for infrastructure development and social programs to reduce poverty.
The framework for 2016 to 2020, which covers one of the largest country programs of the WB Group, reflects the strong collaboration between Indonesia and the Group's institutions. They comprise the International Bank for Reconstruction and Development (IBRD), International Finance Corporation (IFC) and Multilateral Investment Guarantee Agency (MIGA).
'We are confident Indonesia is poised to seize opportunities and emerge even stronger in the face of global and domestic challenges,' WB East Asia Pacific vice president said Axel van Trotsenburg said.
'Our six-decade partnership is stronger than ever,' he added.
'The WB Group welcomes this renewal of support for Indonesia and its commitment to eliminating poverty and sharing prosperity more widely through greater investment in infrastructure programs and in services such as healthcare delivery as well as social protection programs that directly impact the poor,' said WB country director for Indonesia Rodrigo Chaves.
The WB says the Framework is aligned with Indonesia's national mid-term development plan, known as the RPJMN, and outlines six areas of engagement between the WB Group and the government, private sector and other development partners.
It says the Framework gives support to Indonesia's national infrastructure programs that are essential for growth and improving the lives of Indonesians across the archipelago, the energy sector's ability to increase sustainable energy and connect millions of families to reliable electricity and programs to build the maritime economy and improve connectivity.
The Framework will also support the government efforts to collect more revenue and spend it more effectively, provide better health-care, education, sanitation and water services and protect Indonesia's vast natural resources, including efforts to fight peatland fires and reduce deforestation to reduce carbon emissions and create sustainable livelihoods for the poor. (ebf)
