ADB supports Indonesia to emerge stronger from the COVID-19 pandemic by focusing on improving well-being, accelerating economic recovery, and strengthening resilience.
JAKARTA, INDONESIA (6 June 2023) — The Asian Development Bank (ADB) signed a $44.2 million blue loan with PT ALBA Tridi Plastics Recycling Indonesia, an ALBA Group Asia company, to establish a polyethylene terephthalate (PET) recycling facility in Central Java. ADB and the Leading Asia's Private Infrastructure Fund (LEAP) will each provide $22.1 million in funding for the project. Blue loans are financing instruments that aim to safeguard access to clean water, protect underwater environments, and invest in a sustainable water economy.
Retail bonds provide stability, attract individual investors, and support financial literacy in Asia's growing bond market.
Water transportation is very important in lives of islanders such as for those in Batam, Indonesia - water is the main way of transporting people and goods. Using e-boats is advantageous in terms of cost efficiency and lessening pollution.
ASEAN members must shift from meeting basic development targets to ramping up efforts to improve quality of life across the region to build a resilient ASEAN and yield a faster recovery from the COVID-19 pandemic, says a new ADB report.
ADB assists Indonesia’s recovery from the coronavirus disease (COVID-19) pandemic by promoting competitiveness and inclusion, supporting energy transition, enhancing climate resilience, strengthening healthcare systems, and building human capital.
To date, ADB has committed 827 public sector loans, grants, and technical assistance totaling $43.9 billion to Indonesia.
The Plaza Office Tower, 11th Floor, Jl. MH Thamrin 28-30, Central Jakarta, Indonesia 10350
Office Hours: 8:00 a.m. to 5:00 p.m. (Monday to Friday)
Established in 1987, the Indonesia Resident Mission (IRM) is located in Jakarta, Indonesia. IRM’s core functions include:
The Indonesia Resident Mission will be closed on these dates:
Last updated: 13 April 2023