Indonesia, Oct. 14 -- The Asian Development Bank (ADB) has approved a $500 million policy-based loan to further strengthen Indonesia's competitiveness, promote green growth, and accelerate trade through the third subprogram of the Competitiveness, Industrial Modernization, and Trade Acceleration Program (CITA). The program fosters an enabling environment for investments, eases trade barriers, upscales enterprises, and enhances Indonesia's efforts to develop green industries in response to climate risks. This subprogram builds on the momentum of the previous two subprograms approved in October 2021 and September 2023.Through subprograms 1 and 2, ADB supported the government in fostering a more competitive and investment-friendly economy to a...