ADB Approves USD 1.5 Billion Financial Aid in Support of COVID-19 Relief for Indonesia

In its efforts to support Indonesia’s fight against the COVID-19 pandemic, the Asian Development Bank (ADB) has approved a USD 1.5 billion loans to Indonesia, to be used towards the economy and public health.

In a statement made on the 23rd of April 2020, Masatsugu Asakawa, the ADB President, stated that the global pandemic had a devastating economic, health and social impact on Indonesia. He also urged the Government of Indonesia to implement well-coordinated and strong economic and fiscal measures to respond to the crisis.

He went on to comment that the loan offered would aid the Government in addressing the challenges posed due to COVID-19, primarily focusing on women, the p...