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Jakarta Post

AIIB holds summit, commits to funding Indonesian infrastructure projects

  • Kurniawan Hari

    The Jakarta Post

PREMIUM
Jakarta   /   Wed, July 10, 2019   /  09:51 am
The Jakarta Post Image
Trucks and heavy equipment are in operation at an infrastructure project in Indonesia. President Joko “Jokowi” Widodo has carried out infrastructure development in his five-year term as president.(Tempo/-)

The Asian Infrastructure Investment Bank (AIIB) is ready to help Indonesia develop its infrastructure in President Joko “Jokowi” Widodo’s second term in office. President Jokowi previously said he would focus on human capital development in his second term, but infrastructure developments would remain a priority as well. AIIB chief investment officer DJ Pandian said the agency was prepared to help finance infrastructure development in Southeast Asia’s largest economy. “[The infrastructure projects] can be irrigation, ports, roads etc.,” Pandian told The Jakarta Post in a recent video call ahead of the 2019 AIIB Annual Meeting, which is to be held in Luxembourg from Friday to Saturday. AIIB data show that the multilateral development bank’s investment in Indonesia as of April 2019 stood at US$940 million, most of which went into urban ...