Monday, 16 February 2009

Infrastructure Fund ready to be set up; World Bank, ADB contribute

The new financial institution, called the Infrastructure Fund – which would provide alternative financing for development projects – may be up and running as early as March. The World Bank and the Asian Development Bank will contribute around Rp 2 trillion (US$ 170 million). The Finance Minister had already allocated Rp 1 trillion from the state budget. Indonesia estimated a need of around Rp 20 trillion for the Fund in the next five years.
Source: PA Asia - Public Affairs and CSR from the Jakarta Post, 11 February, p.13

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