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View all search resultsComment: WB approves US$800 million loan
Nov
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N
ov. 20, Online
The World Bank (WB) has approved two loans, totaling US$800 million, to support Indonesian government priority reform programs.
Stefan Koeberle, the World Bank’s Indonesia director, said the loans were part of a series of Development Policy Loans (DPL) launched in 2004.
“The efforts were successful in improving investment conditions, managing public finance and increasing infrastructure development.
This has become the main foundation in a strong and inclusive development in Indonesia,” Stefan said
on Friday.
One of the two loans, the $600 million DPL 7, is earmarked to advance reform efforts supported by the previous DPL that aimed to
erase investment uncertainty, among other things.
Your comments:
Are they really going to use the money to improve infrastructure? Just
look at the MRT and Monorail projects. What happened to both projects
even though money had been allocated to them? Someone is smiling because
US$800 million is a really a lot of money.
Putra
Penang, Malaysia
Although the World Bank claims that it tries to deter corruption, it
only goes after contractors. There is a lot of talk about corruption
eradication, but no real effective action.
Henry Manoe
Kupang, East Nusa Tenggara
