Indonesia To Receive 2 Loans Totalling 360 mln US Dollars From WB25 December 2004
The World Bank has approved two loans to Indonesia worth US$360 million, the bank said Wednesday. The loans will support the government's reform program, which incudes its development policy and financial management and revenue administration.
* The first loan, a single-tranche of US$300 million, will support the government's efforts to sustain macroeconomic stability and accelerate the momentum of economic policy reform.
* The other US$60 million loan will go toward enhancing the implementation of the reforms.
SUMMARY
Indonesia to receive 2 World Bank loans totalling US$360 mln for supporting the government's reform program
ASIA IN FOCUS
Source: Asia Pulse via Yahoo
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