Asian Development Bank to lend $1 billion to Indonesia

The $1 billion loan is separate from the June 2018 $1 billion in credit ADB had approved for Indonesia to support fiscal reforms and promote investments.

On Tuesday, an official from Indonesia’s finance ministry stated, the Asian Development Bank (ADB) will lend $1 billion to the Indonesian government next week.

“Next week a $1 billion loan from ADB will be disbursed, the process is almost complete,” said Scenaider Siahaan, director of borrowing strategy at Indonesia’s finance ministry.

The loan amount is separate from a combined $1 billion in credits the ADB approved in June 2018 for Indonesia to support fiscal reform and promote investment, clarified Siahaan.

Previously, Indonesia’s finance ministry had stated, it would reduce its bond issuance for 2018 following a rise in yields across the curve during an emerging market sell-off.

Advertisements


Categories: Creativity, Economy & Finance, Entrepreneurship, HR & Organization, Strategy

Tags: , , , , , , , , , , , , , , ,

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: