T

he World Bank announced Wednesday that it had endorsed a new five-year Country Partnership Framework for Indonesia, 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 is one of the largest country programs of the World Bank Group, reflecting the strong collaboration between Indonesia and the group'€™s institutions, namely the International Bank for Reconstruction and Development (IBRD), International Finance Corporation (IFC) and Multilateral Investment Guarantee Agency (MIGA).

 '€œWe are confident Indonesia is poised to seize opportunities and emerge even stronger in the face of global and domestic challenges,'€ Axel van Trotsenburg, World Bank East Asia Pacific Vice President, said in a statement.

The framework is aligned with Indonesia'€™s national mid-term development plan, known as the RPJMN, according to the World Bank.

It includes support for national infrastructure programs, the energy sector, maritime economy and improved connectivity, sustainability for Indonesia'€™s vast natural resources, government revenue collection and effective disbursement as well as help local governments to provide better healthcare, education, sanitation and water services.

'€œThe World Bank 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 World Bank Country Director for Indonesia Rodrigo Chaves.