Indonesia, AFD to Sign Climate Change Deal

Indonesia’s Finance Ministry is set to sign a USD300 million climate change agreement with the French Development Agency, or AFD. The deal will support the third installment of the Climate Change Program Loan, which is also backed by the Japan International Cooperation Agency and the World Bank.

CCPL aims to support policy reforms planned by the Indonesian government to improve the country’s capacity to deal with climate change issue, according to the Jakarta Post.

As reported by Devex, AFD has already committed USD100 million for environment-friendly energy initiatives in Indonesia.

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    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.