Indonesia To Receive 2 Loans Totalling 360 mln US Dollars From WB

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

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