Indonesia obtained loan facilities of US$1 billion from the Asian Infrastructure Investment Bank (AIIB) to support the government’ virus battle. Last year, Indonesia proposed $500 million. It said, the first loan totaling $750 million and co-financed with the Asian Development Bank (ADB), will go toward bolstering economic aid for small and medium-sized enterprises, support poor and vulnerable households, and strengthening the country’ health care systems.
Then, the Fund in partnership with the World Bank, has approved an additional $250 million to further strengthen the government’ immediate health response, which includes readiness for testing, surveillance, prevention and treatment of COVID-19, as well as hospital readiness.
AIIB’ COVID-19 Crisis Recovery Facility, created as part of the coordinated international response to counter the COVID-19 crisis, has an initial size up to $10 billion to support the members’ urgent economic, financial and public health needs and quick recovery from the crisis.
