ADB’s loan to back Indonesia’s public expenditure management reforms
The Asian Development Bank (ADB) has approved a 500 million USD policy-based loan to support Indonesia’s fiscal and public expenditure management reforms and improve the quality of government spending on health, education, social protection, and infrastructure.
The Asian Development Bank (ADB) approves a 500 million USD policy-based loan to support Indonesia’s fiscal and public expenditure management reforms. (Photo: netralnews.com)
Jakarta (VNA) – The Asian Development Bank (ADB) hasapproved a 500 million USD policy-based loan to support Indonesia’s fiscal and public expendituremanagement reforms and improve the quality of government spending on health,education, social protection, and infrastructure.
The loan will finance the third sub-programme of the ADB’s Fiscal and Public ExpenditureManagement Program (FPEMP), which supports the government of Indonesia’s efforts to reduce poverty and income inequalityin the country and meet Indonesian Sustainable Development Goals’ (SDGs) commitment.
“The FPEMP has been instrumental in making surethat the government’s efforts to increase quality of spending in importantsectors such as health, education, and social protection are sustained, in linewith its targets under the SDGs,” said ADB Senior Financial Sector Specialistfor Southeast Asia Sani Ismail.
“The third sub-program also includes demand-driven labor marketactivation programs in Bandung Barat and Makassar to address youth unemployment,” he added.
The ADB has been supporting publicfinancial management and expenditure reforms in Indonesia since 2001. Thereform programme was first approved by the lender in September 2016.
The programme’s first two sub-programmes funded efforts to map outthe government’s medium-term expenditure linked to targets of the nationalMedium-Term Development Plan and the SDGs; and helped improve national and local publicexpenditure management.
The third sub-programme supports effortsimplementing SDG-related public spending reforms, including climate adaptation,social assistance, and labour market activation programs.
It also supports reforms in fiscaltransfers to subnational governments including making them moreperformance-based to increase accountability and strengthen service delivery atthe local level./.
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The Asian Development Bank (ADB) approves a 500 million USD policy-based loan to support Indonesia’s fiscal and public expenditure management reforms. (Photo: netralnews.com) 
