ADB hosts sewerage system review of Indonesian cities
ADB Indonesia conducted a workshop in Jakarta on sewerage systems performance in 13 cities to support the country's effort to achieve universal sanitation coverage. Using findings of an ADB-commissioned study, participants from cities, ministries, and development partners discussed and learned institutional, financial, and technical aspects of the systems.
ADBI, ADB help Indonesia brainstorm infrastructure financing options
Dean of ADB Institute Naoyuki Yoshino and Indonesia Presidential Advisory Council member Suharso Monoarfa, joined by ADB Director General for Southeast Asia Ramesh Subramaniam and Head of Public-Private Partnership Office Yoji Morishita, addressed the high-level workshop on infrastructure development through public-private partnership in Jakarta. Indonesia Vice President Jusuf Kalla opened the workshop that brought together officials and lawmakers with the goal of identifying feasible finance mechanisms for infrastructure development.
ADB promotes innovative finance mechanisms to accelerate green development
ADB Vice President for Knowledge Management and Sustainable Development Bambang Susantono underscored the role of innovative finance facilities and mechanisms in catalyzing bankable green projects to attract private capital. He emphasized that governments and multilateral development banks play a key role in creating the right environment for green finance in his speech at the Indonesia Green Finance Roundtable, jointly hosted by PT Sarana Multi Infrastruktur and ADB in Jakarta. Mr. Susantono also launched a related ADB publication titled Catalyzing Green Finance: A Concept for Leveraging Blended Finance for Green Development.
ADB supports Jakarta's local finance reform
Jakarta Provincial Secretary Saefullah and Country Director for ADB Indonesia Winfried Wicklein signed a Memorandum of Understanding on ADB’s assistance to Jakarta in helping optimize local finances as a source of medium- and long-term public investment. Areas of collaboration include the establishment of a municipal bond program and modernization of local revenue administration.
Country programming consultations concluded
National Development Planning Ministry's (BAPPENAS) Director of Foreign Multilateral Funding Raden Siliwanti and ADB Indonesia Country Director Winfried Wicklein co-chaired the country programming mission wrap-up meeting in Jakarta. The meeting highlighted an increased demand for ADB lending and knowledge support, ADB's role in catalyzing innovative finance and promoting innovation, and efforts to improve project preparation and readiness.
ADB supports Indonesia's Financial Literacy e-Learning
Financial Services Authority (OJK) Commissioner Tirta Segara and ADB Senior Financial Sector Specialist Sani Ismail launched the ADB-supported e-learning modules on financial literacy for students in Jakarta. Mr. Ismail in his speech underscored the importance of financial literacy for consumer protection. The event was attended by some 60 government officials, teachers and private sector representatives. The e-learning modules, in Indonesian and English, can be accessed here.
Press Briefing on Asian Development Outlook 2018
ADB Indonesia Country Director Winfried Wicklein opened the Asian Development Outlook 2018 press briefing in Jakarta. Deputy Country Director Sona Shrestha and Country Economist Emma Allen then presented updates on regional and Indonesia's economic outlook, respectively. ADB projects Indonesia's GDP growth to reach 5.3% this year and next, from 5.1% last year. Read more.
Discussion on emerging financial intruments to finance Asian infrastructure
ADB Vice-President for Knowledge Management and Sustainable Development Bambang Susantono delivered the keynote speech at the International Conference on Infrastructure Development in Bandung Technological Institute (ITB). He stressed the need for Asian countries to mobilize all available funding resources, including those from the private sector, to meet the region's infrastructure gap. VP Susantono also discussed the evolution of financial modalities and the role of multilateral development banks.
Study on Indonesia's job productivity launched
ADB Vice-President for Knowledge Management and Sustainable Development Bambang Susantono highlighted both long-standing and emerging job challenges in Indonesia and options for addressing them in his opening remarks at the launch of "Indonesia: Enhancing Productivity through Quality Jobs" in Jakarta. Deputy Minister of Creative Economy, Entrepreneurship and SME Competitiveness Mohammad Rudy Salahuddin, Coordinating Ministry for Economic Affairs; and CT Corp Chairperson Chairul Tanjung delivered keynote speeches to some 120 participants from key labor market stakeholders, policymakers, private sector, media, and development partners. See news release.