World Bank prioritizes Indonesia’s power plants

World Bank has allocated loans partly to help Indonesia build power plants.

The World Bank has approved two loans for Indonesia, totaling US$800 million.In the first package it would disburse $600 million to support Indonesia's efforts to reduce investment uncertainties, strengthen the central government's budget management capacity and enhance poverty alleviation programs, the World Bank said.

The second package, valued at US$200 million, aims to help Indonesia develop its infrastructure, particularly for building power plants, roads and clean water and sanitation systems. Poor infrastructure has long been cited among the primary reasons why many investors reconsider their investment plans in Indonesia.

Stefan Koeberle, Indonesia Country Director of the World Bank, said that the loans were part of a series of Development Policy Loan launched since 2004.

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