India, Aug. 14 -- MANILA, PHILIPPINES (14 August 2025) - The Asian Development Bank (ADB) has approved a $500 million policy-based loan to strengthen Indonesia's tax system modernization that will enhance tax collection efficiency, improve equity, and strengthen fiscal resilience to fund critical public services and long-term development goals.

This marks the first of three subprograms under ADB's Domestic Resource Mobilization (DRM) Program for Indonesia. The initiative will assist the country in strengthening its tax policy frameworks, boosting compliance, and reducing tax avoidance.

"This program marks a pivotal moment in supporting Indonesia's fiscal sustainability agenda," said ADB Country Director for Indonesia Jiro Tominaga. "By ...