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Jakarta Post

Indonesia-AIIB meeting

  • The Jakarta Post

  /   Wed, November 9 2016   /  09:06 am

The meeting here of the China-backed US$100-billion Asian Infrastructure Investment Bank (AIIB) was an important opportunity for both the multilateral bank itself and Indonesia as its eighth-largest shareholder to cement mutual understanding about each other’s decision- and policy-making processes and mechanisms.

 Since the primary objective of the AIIB is to invest in infrastructure-specific projects and programs to sustain development with social importance and promote stable economic growth among Asian countries, it fits well with Indonesia’s top priority programs in infrastructure development.

But we should be aware that even though the AIIB aims to get rid of financing bottlenecks that are faced by many Asian countries, most studies have shown that the biggest problem facing infrastructure financing in Asia, especially in Indonesia, is not a shortage of funds....