ADB's new assistance strategy for Indonesia in 2006-2009 will provide about $4 billion in loans and grants in support of the country's reform program and its efforts to grow the economy to benefit the poor.
“ADB's new strategy in Indonesia illustrates our confidence in the country's future,” says ADB Vice-President C. Lawrence Greenwood. “The Government is on the right track with its reform program and ADB stands ready to offer its full support.”
The four-year plan proposes $3.82 billion in loans and about $47.6 million in grants. ADB's assistance over the four-year period will be focused on infrastructure development, improving the financial sector, supporting decentralization, accelerating the achievement of the Millennium Development Goals (MDGs), and environmental protection.
“This strategy is designed to support the Government's efforts to address development constraints with realism and determination,” adds Mr. Greenwood.
“A key impediment to equitable economic growth and development is corruption, and this program focuses on that issue in all loans and grants.”
The plan proposes extensive resources toward strengthening governance and preventing corruption through the training of local and national government officials, and the strengthening of government institutions.
ADB's comprehensive anti-corruption policy will also be enforced in all loan and grant disbursements under the program.
In 2005, ADB resumed private sector operations in Indonesia and these will be continued under the new program in the years ahead.
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