World Bank Approves Investments to Boost Indonesia's Economic Growth and Access to Clean Energy
Indonesia, June 16 -- The World Bank approved two significant investments for a total blended finance package of US$2.128 billion to create jobs, boost economic growth and improve clean energy access across Indonesia. These are the first projects approved in support of the new Indonesian Government's announced goal of reaching high-income status by 2045.The US$1.5 billion policy reform program (Indonesia Productive and Sustainable Investment Development Policy Loan) will help strengthen Indonesia's financial sector by expanding the use of digital financial services, removing credit infrastructure constraints, expanding capital markets, adjusting to climate and natural disaster risks. It will also help remove obstacles to procuring renewable...
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