President Jokowi thanks AIIB

13 March, 2018 | Source: Antara News

Indonesian President Joko Widodo (Jokowi) thanked the Asian Infrastructure Investment Bank (AIIB) for funding several Indonesia`s infrastructure projects.

Speaking at a meeting with the AIIB delegation at Bogor`s Presidential Palace here on Monday, the head of state also expressed his high appreciation for the bank`s role over these past two years.

The AIIB has so far helped fund three ongoing infrastructure projects in Indonesia.

Following the meeting, Chairman of the AIIB delegation Christopher Legg remarked that the Government of Indonesia is keen to work with AIIB in resolving challenges in building infrastructure.

Hence, President Widodo has urged the AIIB to be more efficient and effective in finalizing deals with Indonesia.

Speaking in connection with the request, Legg, who is the representative of AIIB Australia, noted that the bank had only disbursed loans for three projects in Indonesia as the AIIB had just operated for two years and had still maintained stable management, with the human resources and representative offices.

"We have offered 20 loans in two years, of which three are for Indonesia. I hope this would grow step-by-step to at least four to five billion in the next two years, and Indonesia will receive a significant part of the funds. However, it should be applied in accordance with the needs of each region," he emphasized.

During the meeting, President Jokowi lauded the AIIB for supporting Indonesia`s infrastructure development and conveyed his best wishes for the bank`s future.

"I want to thank you for taking a part in financing some infrastructure in Indonesia in the first two years," he remarked.

The president also welcomed the AIIB delegation to visit some construction sites in Indonesia, such as the Mass Rapid Transit in Jakarta and toll roads in the Yogyakarta Special Region, as well as in Solo, Central Java.

Indonesia is one of the founders and shareholders of AIIB that was established in 2016.

During the first two years of AIIB`s operations, Indonesia had received US$216.5 million in loans to finance three projects: elevating slum areas program, regional infrastructure development fund, and damage rehabilitation and safety operational safety fund II.

Some members of Jokowi`s cabinet comprising Coordinating Minister of Economy Darmin Nasution, Finance Minister Sri Mulyani, Public Works and People`s Housing Minister Basuki Hadimuljono, and Cabinet Secretary Pramono Anung also attended the meeting with AIIB.

Legg`s delegates comprised representatives from some AIIB member countries: Indonesia, Kazakhstan, Turkey, France, Italy, Bangladesh, India, the United Kingdom, Laos, Israel, and Poland.

 

The Indonesian government plans to issue savings sukuk (Islamic bonds), series ST007, to expand the base of retail investors in the domestic financial market and finance green projects in the state budget (APBN).
President Joko Widodo recently signed a regulation specifying the procurement and immunization schedule for the COVID-19 vaccine for Indonesia, which has been battling the deadly disease since March 2 this year.
President Joko Widodo on Wednesday said the coronavirus pandemic has reminded the nation and the state of the importance of science and technology.
Indonesian Foreign Affairs Minister Retno Marsudi offered her condolences and sympathies to the families of the victims of the explosion that rocked Beirut in Lebanon on Tuesday evening.
Indonesia is working with South Korea to develop a vaccine for the novel coronavirus disease, in addition to collaborating with China.
Indonesia′s economy will start to open and recover from the COVID-19 crisis in August this year, the World Bank′s Country Director for Indonesia, Satu Kahkonen, stated on Thursday.
Address: 1068 Budapest, Városligeti fasor 26. | MAP |
Phone: (+36-1) 413 3800 Fax: (+36-1) 322 8669
E-mail: embassy@indonesianembassy.hu