The Asian Development Bank (ADB) is committed to raising the loan budget to Indonesia from last year worth of US$ 1.7 billion to $2.7 billion, said the president early this week. The Fund also approved a further $2 million to help Asia Pacific’ developing countries to overcome COVID-19 and improve resilience to this and other communicable diseases.
This was conveyed by ADB’ president Masatsugu Asakawa during a visit to Indonesia. According to him, around $500 million will distributes for financial inclusion, another $500 million for competitiveness programs, and the rest to other projects. In the meeting with President Joko Widodo, he offered support for Indonesian development priorities, such as human capital, infrastructure connectivity and climate change.
On the coronavirus outbreak, the funds will be available for all ADB developing member countries in updating and implementing their pandemic response plans, including buying emergency supplies and equipment assessing health system and economic impacts to improve future resilience.
Also coordinating better regionally to prevent, detect, and respond to animal and human disease outbreaks. The work will be conducted in close collaboration with the World Health Organization.