Indonesia and ADB
In the Spotlight
The Sarulla Geothermal Power Project in Indonesia won Project Finance International's Asia Power Deal of the Year 2014. ADB accepted the award in London together with project sponsors, Itochu and Medco Power. This landmark renewable energy financing deal included innovative structuring of concessional funds from the Clean Technology Fund and the Canadian Climate Fund.
At a meeting in Jakarta, ADB President Takehiko Nakao commended Indonesian President Joko Widodo on his government's reforms, and discussed the country's remaining challenges and possible further cooperation with ADB.
Helping people in Indonesia get the skills needed to find good jobs is critical to development.
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.
Ten years on from the Asian Tsunami of 2004, stronger and more resilient communities are enjoying the fruits of a reconstruction effort that also served as invaluable experience in the aftermath of other natural calamities.
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.
ADB operations in the country is aligned with the government’s National Medium-Term Development Plan, which envisions an Indonesia that is prosperous, democratic, and just.
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