Indian Reforms to Receive World Bank Backing

The World Bank will disburse a total of USD950 million in two development policy loans to support Indonesia’s extensive reform program focusing on fiscal management, public service delivery, investment climate and infrastructure. “Indonesia is in a strong position to deal with the challenges being thrown up now by global financial turmoil,” World Bank Country Director for Indonesia Joachim von Amsberg said. “The key to navigating the current turmoil is to continue on the same prudent path of good macroeconomic management and steady improvements on governance and the investment climate.” (“World Bank Approves USD950 Million New Financing to Help Deepen Indonesian Reforms” - World Bank, Dec. 9, 2008)

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