WB offers disaster-hit Indonesia $1b in loans

The World Bank yesterday announced funding of up to $1 billion for Indonesia after it was rocked by a string of recent disasters including a deadly earthquake-tsunami that killed thousands, reports AFP from Nusa Dua.

“The World Bank is making up to $1 billion available to the Indonesian authorities to use once they get a full understanding of what may be needed,” its CEO Kristalina Georgieva announced in Bali, where the Bank and the International Monetary Fund have been holding their annual meetings.

WB offers disaster-hit Indonesia $1b in loans

The World Bank yesterday announced funding of up to $1 billion for Indonesia after it was rocked by a string of recent disasters including a deadly earthquake-tsunami that killed thousands, reports AFP from Nusa Dua. The World Bank is making up to $1 billion available to the Indonesian authorities to use once they get a full understanding of what may be needed, its CEO Kristalina Georgieva announced in Bali, where the Bank and the International Monetary Fund have been holding their annual meetings.