ADB endorses Indonesia's economic reforms and pledges financial aid
It forecasts country's economic growth in 2017 to rise to 5.1 per cent from 5 per cent last year
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Tokyo
THE Asian Development Bank is planning to extend around US$2 billion (S$3 billion) annual lending to the Indonesian government over the medium term, ADB president Takehiko Nakao pledged in a meeting with Indonesian President Joko Widodo and other government ministers.
"I am highly impressed by the government's strong commitment to policy reforms that have strengthened market confidence and helped ensure more Indonesians benefit from economic gains," Mr Nakao said during a two-day visit to the Indonesian capital.
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