Source: Asia Development Bank
News Release | 8 October 2020
JAKARTA, INDONESIA (8 October 2020) — The Asian Development Bank (ADB) commits to support Indonesia in achieving inclusive and sustainable recovery from the coronavirus disease (COVID-19) pandemic and boosting its medium-term economic outlook.
As part of this commitment, ADB has launched a new publication on green recovery in Southeast Asia, as economies, including Indonesia, are taking a wide range of concerted measures to address the impact of the COVID-19 pandemic and guide recovery. The publication urges policy makers to use green and innovative financing approaches to help catalyze public and private infrastructure investments that are required to bolster recovery.
ADB’s recently adopted its 2020–2024 Country Partnership Strategy for Indonesia focuses on improving people’s well-being, accelerating economic recovery, and strengthening resilience. The strategy aims to help Indonesia emerge stronger from the COVID-19 pandemic, with focus on building back better and greener, catalyzing investment and jobs, and boosting the economic outlook. It has a wide range of projects and programs involving financial and knowledge support and technical assistance to support Indonesia.
“In this context and on the back of our ongoing and planned support to Indonesia, ADB believes that the adoption of the omnibus bill on job creation, along with other appropriate policy, institutional and regulatory measures, will help Indonesia’s recovery and boost the medium-term economic outlook, including for investment and quality jobs,” said ADB Country Director for Indonesia Winfried Wicklein. “At the same time, ADB is looking forward to supporting the Government of Indonesia towards achieving more equitable labor market outcomes and addressing concerns on environmental sustainability.”
ADB is committed to achieving a prosperous, inclusive, resilient, and sustainable Asia and the Pacific, while sustaining its efforts to eradicate extreme poverty. Established in 1966, it is owned by 68 members—49 from the region.