ADB to assist Indonesia with US$428 mln for infrastructure

Manila (Antara News/Asia Pulse) - The Asian Development Bank will assist Indonesia in implementing vital reforms to develop its infrastructure and boost economic growth.

The Manila-based multilateral lender is to help the country improve its policies, laws and institutions to lure large scale private sector infrastructure investment.

The Infrastructure Reform Sector Development Program will offer over US$428 million in loans and grants to the Indonesian government, which forecasts that the country requires US$65 billion in infrastructure investment over the next five years.

Business in Asia Today - Nov 23, 2006
published by Asia Pulse
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