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Jakarta Post

Economy in brief: Jokowi lauds AIIB’s help for Indonesia

  • by Kharishar Khafi Hotli Simanjuntak
Jakarta   /   Tue, March 13 2018   /  12:38 am

President Joko “Jokowi” Widodo voiced his support toward China-backed Asian Infrastructure Investment Bank’s (AIIB) programs to help accelerate economic growth in Asian countries during the bank’s delegation visit to Bogor Palace in West Java on Monday.After the meeting, Finance Minister Sri Mulyani Indrawati said Indonesia became the first of AIIB’s projects in its early operation year, in which the bank, along with other multilateral institutions, had agreed to provide loans worth US$216 million to support the country’s National Slum Upgrading Program in 2016. “As for now, Indonesia is one of the biggest shareholders in AIIB,” she said.In 2017, AIIB and Indonesia collaborated in two projects, with the first one, costing $100 million, aimed at providing people with access to clean water and sanitation, building flood and waste management as well as redeveloping slum are...