ADB’s USD 500 Million Financing to Assist Indonesia in the Promotion of Financial Inclusion

The Asian Development Bank (ADB) has approved a policy-based loan worth USD 500 million to the Government of Indonesia to support its ‘Promoting Innovative Financial Inclusion Programme’, stated a media report. This initiative aims to expand financial access across micro, small and medium enterprises, as well as target underserved groups such as women and youth.

According to the media report, the programme will improve the payments infrastructure in Indonesia and create a more robust regulatory framework for data privacy, consumer protection, as well as digital financial services, in addition to assisting the Government to better target and track financial inclusion. The creation of a more financially inclusive financial services sector will reduce inequality and p...