IFC mau double investment in Indonesia to US$1 bln

Jakarta (Antara News) - World Bank unit International Finance Corporation (IFC) expects to double its investment in Indonesia to 1 bln usd in the fiscal year to June 2008, if it is able to avail of opportunities in infrastructure projects, IFC country manager Herman Vegara said.

IFC's targeted investment for the current fiscal year is estimated at 500 mln usd, with 145 mln usd disbursed so far, including a loan equivalent to 125 mln usd, that was signed today with PT Bank Internasional Indonesia.

The corporation typically focuses its funding on the private sector but Vegara said it may look to cooperate with its parent, the World Bank, in order to undertake government infrastructure projects. (*)
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