Indonesia Set to Receive Up to USD 250 Million Emergency Funds from IsDB

Indonesia’s Finance Minister, Sri Mulyani Indrawati has stated that the Islamic Development Bank (IsDB) is ready to help Indonesia with emergency funding of up to USD 250 million as COVID-19 relief.

According to the Finance Minister, the assistance was confirmed during a teleconference between herself and the IsDB President, Bandar Hajjar, which discussed the Government of Indonesia’s plans for health, social aid, and business incentives during the on-going pandemic.

Sri Mulyani added that the IsDB will offer support to Mitigate COVID-19, along with other multilateral financial agencies, including the World Bank and the Asian Infrastructure Investment Bank (AIIB).