Indonesia and ADB
In the Spotlight
Recycling and education projects are helping local authorities turn the Citarum Basin, home to some of the world’s most polluted rivers, into a model of sustainable water management.
The growth outlook for developing Asia and the Pacific remains steady, even though momentum slowed in the second half of 2014, but the declining oil prices represent a golden opportunity for many beneficial reforms, ADB says in a new report.
ADB has approved a $400 million program loan to help Indonesia improve its investment climate to attract greater foreign and domestic investment, needed for long-term sustainable growth and social development.
Indonesia is the 16th largest economy in the world, and has continued to record strong economic growth over the last 6 years. The country has made significant strides in reducing the incidence of poverty countrywide.
ADB’s CPS 2012-2014 was formulated through extensive consultations with the government, development partners, the private sector, and civil society. The CPS focuses on two strategic pillars: inclusive growth and environmental sustainability that embraces climate change mitigation and adaptation.
248.82(2013) Population in millions
1.5%(2008-2013) Average annual population growth rate
11.4%(2013) Population living below the national poverty line