The Asian Development Bank is set to invest $2.5 billion in several sectors in Indonesia as part of the two’s new 2012-2014 partnership strategy.
Under the strategy, which the multilateral bank discussed with the government, private sector and civil society, ADB will invest in the country’s energy, transportation, natural resource management, finance, water supply and education sectors.
The financial institution will support infrastructure-related projects, such as road constructions, to help people in the country gain access to markets and other services. ADB will also invest in projects that would improve Indonesia’s river basins and water management as well as its use of forest resources.
In addition, ADB will help increase Indonesians’ access to financial services and vocational training. It will also welcome initiatives that “facilitate regional cooperation.”
The partnership, Indonesian Minister of National Development Planning and Chairperson of the National Development Planning Agency Armida Alisjahbana said in a press release, is aligned with the government’s development plans. It aims to boost the country’s growth and environmental sustainability.
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