Board of Directors of Asian Development Bank (ADB) approved two policy-based loans to Indonesia amounting US$1 billion. The loan is intended to push fiscal reform and government spending, as well as encourage investment in order to reduce poverty and decrease income inequality. The two loans of each value of US$500 million will be equipped with parallel financing equivalent to 200 million euros from German development cooperation through Kreditanstalt fuer Wiederaufbau (KfW).
