Indonesia has received technical assistance from the Asian Development Bank (ADB) worth 37.22 billion Rp (2.4 million USD) to help develop its new capital city Nusantara in North Penajam Paser, East Kalimantan.
Jakarta (VNA) - Indonesia has received technical assistance fromthe Asian Development Bank (ADB) worth 37.22 billion Rp (2.4 million USD) tohelp develop its new capital city Nusantara in North Penajam Paser, EastKalimantan.
ADB country director for Indonesia Jiro Tominaga said thegrant aims to support the development of Nusantara as a habitable and sustainablecity.
According to him, the fund is set to be used primarily on the three pillars ofplanning and design, minimising the negative impacts of construction, andmobilising finances.
He said it is still too early to draw conclusions about theimpact of this urban relocation project on the Indonesian economy. Therefore,the ADB is currently concentrating on assisting the municipal authorities indesigning the city according to the Indonesian Government's vision of a greenand smart capital.
In addition to sponsoring Nusantara, the bank has alsoapproved a 650 million USD loan to improve Indonesia's healthcare facilities,such as standardising initial healthcare services and reducing accessibilitygaps, especially for the poor and those living in rural or remote areas./.
The Asian Development Bank (ADB) recently approved a 500 million USD policy-based loan to support the Indonesian Government’s efforts to expand financial access among micro, small, and medium-sized enterprises (MSMEs) and marginalised groups such as women and youth.
The Asian Development Bank (ADB) has raised its growth forecast for Indonesia to 5.2% this year due to healthy domestic demand and steady export growth.
The Asian Development Bank (ADB) on November 15 said that it has approved a 500 million USD loan to boost Indonesia's human capital and improve labour productivity.
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