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Indonesia agrees to USD2.5b partnership strategy with ADB

The Asian Development Bank (ADB) on Monday said it has entered into a new USD2.5 billion country partnership strategy with the Indonesian government to boost inclusive growth and improve environmental sustainability.

"The government of Indonesia welcomes this partnership agreement, which is aligned with the government’s medium- and long-term development plans," said Armida Alisjahbana, Indonesia’s minister of national development planning and chairperson of the National Development Planning Agency said in an ADB press statement issued on Monday.

The new 2012-14 partnership strategy places an emphasis on more project investments and green growth. ADB will focus its lending and non-lending assistance on six sectors: energy, transportation, natural resource management, finance, water supply and other municipal services, and education.