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Jakarta Post

RI to get $2b in loans from World Bank for development

  • The Jakarta Post

  /   Sat, May 3 2008   /  11:14 am

The World Bank will lend US$2 billion for the country's development programs this year, the National Development Planning Board (Bappenas) announced Thursday. The government could receive even more loans than those previously promised, according to Bappenas director for international financing Dewo Broto Joko Putranto. "The (additional) loans can be included as loans allocated for 2009," said Dewo, as quoted by Antara. The board will wait until it learns the exact amount needed to plug this year's state budget deficit before determining how much to propose the World Bank allocate. World Bank spokesman Randy Salim said the $2 billion in loans would be divided into program loans and project loans. "About $1.2 billion of the loans will be spent on programs related to climate change, education and infrastructure policy development,"...