Indonesia and ADB
In the Spotlight
Promoting the use of formal financial services is still a challenge but digital financial solutions could help close the gaps in financial inclusion. Read the study on four Southeast Asian markets – Indonesia, the Philippines, Cambodia, and Myanmar
President Takehiko Nakao met with the President of Indonesia, Joko Widodo in Jakarta and expressed support for the government’s efforts to foster inclusive economic growth.
Indonesia has the second biggest Islamic finance industry in Asia in terms of asset size, next to Malaysia. Recognizing the growing significance of Islamic finance in the country, Indonesia’s central bank issued a developmental plan, namely the Blueprint of Islamic Banking Development, to set out strategic initiatives to achieve a sustainable development in the sector.
ADB has approved a new Country Partnership Strategy with Indonesia for 2016-2019, setting out a program of support to foster a sustainable economic growth path that delivers benefits for all the country’s citizens and regions.
Indonesia boasts the largest economy in the Association of Southeast Asian Nations (ASEAN), and the 16th largest worldwide. Its economic growth since 2009 has helped lift over 3 million Indonesians out of poverty.
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. With Indonesia having built much stronger systems and capacity, ADB now provides results-based forms of financing, enabling the country to use its internal systems and principle-based approaches.
Indonesia is part of the Brunei Darussalam-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA) and the Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) subregional programs.
Read the ADB and Indonesia fact sheet.
Projects in Indonesia
- Sewerage System Development Project
- Sustainable Energy Access in Eastern Indonesia-Power Sector Generation Program (formerly: Eastern Indonesia Sustainable Energy Access Sector Project)
- Sustainable Energy Access in Eastern Indonesia-Electricity Grid Development Program
- Pilot Carbon Capture and Storage Activity in the Natural Gas Processing Sector
- Strengthening Performance Management System in the Ministry of National Development Planning (BAPPENAS)
- Muara Laboh Geothermal Power Project
- Tangguh Liquefied Natural Gas Expansion Project
- Accelerating Infrastructure Delivery through Better Engineering Services Project
- Fiscal and Public Expenditure Management Program (Subprogram 1)
Maternal mortality ratio in Indonesia, per 100,000 live births (2015)
Population in Indonesia, in millions (2015)
Population living below the national poverty line in Indonesia (2015)
Average annual population growth rate in Indonesia (2010-2015)