ADB Further Strengthens Indonesia's Human Capital to Boost Productivity
Indonesia, Dec. 9 -- The Asian Development Bank (ADB) has approved a $500 million policy-based loan to support Indonesia's human capital development reforms on education, skills development, health, and social protection systems.The third subprogram of the Boosting Productivity through Human Capital Development Program focuses on institutionalizing reforms from the previous two subprograms approved in 2021 and 2023. While the first subprogram established regulatory foundations and pilot initiatives, and the second expanded implementation, this third subprogram integrates these reforms into Indonesia's national systems to support higher labor productivity for sustained economic growth. Key reform areas include health insurance measures that ...
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