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View all search resultsOne solution to bridging the financial inclusion gap in Indonesia is ICS, which enables lenders to assess a loan applicant's creditworthiness through nontraditional data points, like utility payments and e-commerce transactions.
The recommendation to make roughly $330 million available to the South Asian country follows agreement over the first review of the four-year Extended Fund Facility (EFF) agreement it signed up to in March, the International Monetary Fund said in a statement.
The Indonesian delegation at this week's UNGA has been pushing for improved global balance and equity between developing and developed nations, and urged reform of the international financial architecture at a high-level dialogue on development financing on Wednesday.
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