During his upcoming visit to Indonesia, U.S. President Barack Obama may detail how USD700 million in projected Millennium Challenge Corp. funding can be utilized for climate change and forest conservation programs in the Asian country.
“It will be quite substantial. It’s safe to say it will be north of [USD]100 million on an annual basis,” an industry source told Reuters. “The U.S. doesn’t want to compete directly with the Norwegians but they do want similar big headline news.”
Details of a U.S.-funded program worth between USD35 million and USD40 million on preventing deforestation and loss of biodiversity and improving land use management in Indonesia may also be fleshed out during Obama’s trip. The program was announced earlier this year, Reuters reports.
The trip could also reveal specifics on the implementation of a U.S. Agency for International Development program supporting the Asian nation’s forestry and anti-climate change efforts as well as a marine conservation initiative worth USD20 million.
As reported by Devex in June, the visit by Obama will see the launching of the U.S.-Indonesia Comprehensive Partnership.
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