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IDB and ADB agree to financing Indonesia’s infrastructure projects

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In the next three year, Indonesia will get the financing to realize the infrastructure projects covering irrigation and urban sector.

This condition related with agreement was signed by the Asian Development Bank (ADB) and the Islamic Development Bank (ADB) to finance some projects in a number of member states, including Indonesia. 

These two international institution was agree to make it available US$ 2 billion in each project. The agreement is in line with the “Accra Summit” and other international declarations within the frame of building development effectiveness and harmony, and also it was consistently with the ADB’s 2020 strategy and the IDB’s 1440 Hijrah vision. 

Director General for Central and West Asia of ADB, Juwanda Miranda said that In a addition, the agreement would also make it possible for the adoption of a new platform in which the two institutions could raise third party funds from investors in other member states.     

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