ADB approves US$1.5 bil loan for Indonesia’s virus response

JAKARTA: The Asian Development Bank announced on Thursday a US$1.5 bil (RM6.55 bil) financing to support the Indonesian government’s efforts to handle impacts from the new coronavirus pandemic.

“ADB’s budget support will help the government address the challenges posed by Covid-19, with a strong focus on the poor and vulnerable, including women,” ADB President Masatsugu Asakawa said in a statement.

The funding is part its rescue package of US$20 bil to help developing countries in Asia facing the health and economy effects of the pandemic. – April 23, 2020

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