The Asian Development Bank (ADB) approved US$1.5 billion in financing to support Indonesia’ efforts to alleviate the impact of the COVID-19 pandemic on public health, livelihoods, and the economy, said the lender on Thursday (April 23).

Indonesia’ minister of finance, Sri Mulyani Indrawati commented, that ADB’ support will help the government to mitigate the devastating impact of COVID-19. As known, the country has widened 2020 State Budget deficit to curb the Southeast Asia biggest economy from the epidemic.

To finances the deficit with total amount Rp852.9 trillion (US$55.03 billion) or 5.07 percent of total gross domestic products (GDP). And the deficit may widen slightly, by another Rp12.2 trillion, if Indonesian crude price averages $30.90 a barrel. Around Rp400 trillion will use to tackle the COVID-19 impact to the society through various schemes has been prepared by the government.