ADB Supports Indonesia’s Economic Recovery

The Asian Development Bank has approved a

to boost Indonesia's economy. "Indonesia's economy has been resilient during the global crisis, but with exports, private investment, and consumption still sluggish, a strong countercyclical fiscal stimulus is needed to protect the social sectors and support poverty reduction," said Arjun Thapan, the bank's director for Southeast Asia.

About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.