Indonesia - Economic Resilience, Investment and Social Assistance Project : summary of discussion (English)

Executive Directors approved the program for economic resilience, investment and social assistance in Indonesia Development Policy Loan with Deferred Drawdown Option (DPL-DDO) for the Republic of Indonesia in the amount of US$2 billion on the payment ... See More + Executive Directors approved the program for economic resilience, investment and social assistance in Indonesia Development Policy Loan with Deferred Drawdown Option (DPL-DDO) for the Republic of Indonesia in the amount of US$2 billion on the payment terms and conditions set out in the President's Memorandum. Executive Directors expressed support for the objectives of the project, which will enhance the Government of Indonesia's crisis preparedness to address the potential adverse impact of ongoing volatility in financial markets on the Government's ability to meet its gross fiscal financing needs from markets. Directors noted that the project complements a larger set of longer term institutional and structural reforms that are being supported through a variety of instruments, including the regular DPL series focusing on public financial management, investment climate and public services delivery. Directors encouraged the Government to continue implementing these reforms, which will also support Indonesia's development and strengthen its resilience and preparedness for crisis mitigation and management. Finally, the need for coordination with other development partners was also emphasized.  See Less -