In the Spotlight
ADB today approved $1.5 billion in financing to support the Government of Indonesia’s efforts to alleviate the impact of the novel coronavirus disease (COVID-19) pandemic on public health, livelihoods, and the economy.
ADB and UNICEF vowed to support inclusive development and promote the wellbeing of children and young people in Indonesia, including in the country’s fight against the novel coronavirus disease (COVID-19) pandemic, in an MOU.
Indonesia’s Economic Growth to Slow in 2020 on COVID-19 Impact, but Gradual Recovery Expected in 2021
Indonesia’s economy is expected to grow by 2.5% in 2020 amid the COVID-19 pandemic, down from 5.0% in 2019, according to an ADB report released today.
The grant will help fund the immediate purchase of key medical equipment, such as ventilators and personal protective gear, including gloves, aprons, and masks, for health workers, to support the government’s efforts to arrest the spread of the virus in the country.