The reform program also is expected to contribute substantially to economic development.Jakarta (ANTARA News) - Asia Development Bank (ADB) has provided US$300 million in new loan for Indonesia to finance infrastructure development to support economic development.
"Poor connectivity, inadequate infrastructure and high logistic costs have prevented Indonesia from achieving a faster economic growth and create equitable development," Edimon Ginting, the ADB deputy director for Indonesia, said here on Friday.
Edimon said around 70 percent of the rice price differences in the country was caused by transport cost, which is high with poor condition of roads, overcrowded ports an inefficient inter-island transport system.
He said connectivity and infrastructure still need to be improved although the Indonesia government has launched a series of policy reforms.
The ADB program would support the government`s efforts to accelerate development of logistic system and infrastructure to provide connections between the rural areas and growth centers in urban areas, he said.
The reform program also is expected to contribute substantially to economic development and create conducive business climate and to promote participation of the private sector in opening new jobs, he said.
(Uu.AS/H-ASG/F001)
Editor: Priyambodo RH
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