Indonesia and ADB
In the Spotlight
An ADB-World Bank study documents key issues that have constrained the development of Indonesia's geothermal power sector, and makes a set of comprehensive recommendations to unlock the sector's potential.
Education and skills are central to Indonesia’s growth prospects in the next decade. It now has the opportunity to capitalise on the substantial progress that has been made in expanding access to education.
Indonesia’s economic growth is expected to accelerate again over the next 2 years if the new government can keep up its momentum on structural reforms such as sharply reducing fuel subsidies, says a new ADB report.
On the Indonesian island of Sumatra, constructing a rural road became the opportunity for a rural community to develop the local economy and take charge of its own future.
Indonesia was a founding member of ADB in 1966 and since then it has received $27 billion in loans, $307 million in grants, and $342 million in technical assistance.
Indonesia boasts the largest economy in the Association of Southeast Asian Nations (ASEAN), and the 16th largest worldwide. The country has recorded strong economic growth over the past 6 years, and has made significant strides in reducing the incidence of poverty. The new government has pledged to enhance the country’s competitiveness by accelerating infrastructure development, improving human resource development, and implementing bureaucratic reforms.
ADB adapts its support for Indonesia to reflect the complex development needs of a rapidly evolving middle-income country. The focus of assistance has moved from an emphasis on agriculture in the 1970s, to energy, urban infrastructure, and education in the 1980s, to finance sector reform and resilience in the late 1990s.