Jakarta, March 23 -- Deputy Minister of National Development Planning (Bappenas), Febrian Alphyanto Ruddyard, affirmed that foreign loans will be strategically employed to accelerate national development.

"Indonesia is actively seeking to boost private investment to drive economic transformation, enhance domestic and inter-regional connectivity, and integrate into the global value chain. Foreign loans will be utilized to facilitate this development," he stated in a release on Sunday.

He made these remarks during his participation in the World Bank Country Partnership Framework (CPF) Formulation Workshop.

Ruddyard emphasized the importance of synergizing various financing sources, including foreign loans, to meet the funding requirement...