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Asian-Development-Bank

ADB approves $500m disaster resilience loan for Indonesia
Business 5 years ago

ADB approves $500m disaster resilience loan for Indonesia

Following an earlier loan of US$1.5 billion to support Indonesia's coronavirus response, the ADB has now approved an additional $500 million loan as part of its disaster resilience program.
Prolonged pandemic could derail Indonesia’s recovery, ADB, economists warn
Business 5 years ago

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Prolonged pandemic could derail Indonesia’s recovery, ADB, economists warn

"This is a health crisis. Unless you can address this effectively, you can’t have a full recovery,” ADB’s director for macroeconomics research Abdul Abiad said.
ADB pledges to double funds for Indonesia, pushes for green recovery
Business 5 years ago

ADB pledges to double funds for Indonesia, pushes for green recovery

The Asian Development Bank (ADB) has pledged to double loan commitments to one of its biggest client countries this year to facilitate Indonesia’s economic recovery.
Clouds thicken over Indonesia’s economic growth as uncertainties persist
Business 5 years ago

Clouds thicken over Indonesia’s economic growth as uncertainties persist

The Asian Development Bank (ADB) projected Indonesia’s gross domestic product to shrink by 1 percent this year.
Indonesia to maintain debt sustainability despite COVID-19 relief spending: ADB
Business 5 years ago

Indonesia to maintain debt sustainability despite COVID-19 relief spending: ADB

The bank says that Indonesia will maintain debt sustainability, even with the hundreds of trillions it plans to spend on COVID-19 relief and stimulus packages.
ADB approves US$1.5b loan to support Indonesia’s pandemic response
Business 5 years ago

ADB approves US$1.5b loan to support Indonesia’s pandemic response

“ADB’s budget support will help the government address the challenges posed by COVID-19, with a strong focus on the poor and vulnerable, including women."
ADB projects Indonesia’s economy to grow 2.5% in 2020
Business 5 years ago

ADB projects Indonesia’s economy to grow 2.5% in 2020

“If decisive actions to contain the health and economic impacts of the outbreak, particularly to safeguard the poor and vulnerable, can be effectively implemented, the economy is expected to gradually return to its growth trajectory next year," ADB country director for Indonesia Winfried Wicklein said.
ADB to provide Indonesia with $2.7b in loans to support human capital, infrastructure development
Business 5 years ago

ADB to provide Indonesia with $2.7b in loans to support human capital, infrastructure development

The Asian Development Bank (ADB) will provide around US$2.7 billion in loans this year to support Indonesia’s human capital, infrastructure and green energy development.
How ADB achieved 2020 climate finance milestone one year ahead of time
Opinion 6 years ago

How ADB achieved 2020 climate finance milestone one year ahead of time

As they extend their power grids, build more roads and bigger cities, and cultivate forestland, developing countries in Asia and the Pacific are increasingly contributing to the global climate change problem.
Indonesian children who grow up in poverty earn less as adults, study shows
Business 6 years ago

Indonesian children who grow up in poverty earn less as adults, study shows

A recent study has shown that kids who are raised in poor families are likely to earn less as adults compared to their higher income counterparts.
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