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ADB president Nakao praises Indonesia's fuel subsidy cut

Jakarta lauded for decisive reforms, which have boosted market confidence in its economic programme
Wednesday, January 14, 2015 - 05:50
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The cut in fuel subsidies in the wake of the oil-price plunge will mean extra budget funds for Indonesia's infrastructure building and other development priorities.

Tokyo

INDONESIA'S decision to cut fuel subsidies in the wake of the oil-price plunge will free up financial resources for infrastructure building and other development priorities, says Asian Development Bank (ADB) president Takehiko Nakao.

He was speaking in Jakarta on Tuesday

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