Jakarta, June 18 -- The World Bank has announced a 2.1 billion USD financing package for Indonesia, backing two key projects that aim to help the country achieve its goal of becoming a high-income nation by 2045.
In a statement released on June 16, the World Bank said the financing package is designed to support job creation, stimulate economic growth, and enhance access to clean energy across the country.
The instruments are expected to mobilise a further 345 million USD in private investment for solar and wind energy projects.
The first component of the package is a 1.5 billion USD policy loan that will support reforms aimed at expanding the use of digital financial services, removing barriers in credit infrastructure, developing capit...