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Weekly Briefing: Various Things to Know on Monday

JAKARTA (TheInsiderStories) - This week we will looks The International Monetary Fund (IMF) and World Bank spring meeting, the Federal Reserves (Fed) and European Central...

World Bank: Uneven Recovery Drives Growing Inequality Across East Asia and the Pacific

JAKARTA (TheInsiderStories) - More than a year into the COVID-19 pandemic, the developing economies of East Asia and the Pacific (EAP) are facing a markedly uneven recovery,...

World Bank Lends Indonesia US$500M for Fiscal Resilience

JAKARTA (TheInsiderStories) – The World Bank approved a US$500 million loans to strengthen Indonesia' financial and fiscal resilience, the agency announced today. The loan will...

World Bank: Global Economy to Expand by 4% in 2021

JAKARTA (TheInsiderStories) -  The global economy is expected to expand 4 percent in 2021, assuming an initial COVID-19 vaccine rollout becomes widespread throughout the...

World Bank, ADB Revises Down Indonesia’s Economic Growth Outlook

JAKARTA (TheInsiderStories) - The World Bank revises down Indonesian GDP from contraction 1.6 percent to minus 2.2 percent in this year, due to persistent mobility...

World Bank: Indonesia’s Debt Position Ranks 7th in the World

JAKARTA (TheInsiderStories) - The World Bank reports that Indonesia' debt position is in the 7th position from a low-middle income around the globe, with a total...

World Bank Approves $12B for COVID-19 Vaccines

JAKARTA (TheInsiderStories) – The World Bank approved an envelope of US$12 billion for developing countries to finance the purchase and distribution of COVID-19 vaccines, tests,...

World Bank: COVID-19 to Adds 150 Million Extreme Poor by 2021

JAKARTA (TheInsiderStories) - Global extreme poverty is expected to rise in 2020 for the first time in over 20 years as the disruption of the COVID-19...

World Bank Revises Down Indonesia’s GDP, EAP Still Grow 0.9%

JAKARTA (TheInsiderStories) - The World Bank sees Indonesian economy will contraction around 1.6 percent to 2.0 percent in this year due to the COVID-19 pandemic. Earlier the multilateral...

World Bank Sees Indonesian Economy Not Grow in 2020

JAKARTA (TheInsiderStories) - The World Bank sees Indonesian economy not growing or zero growth of the gross domestic products (GDP), said the lead economist today (07/16)....

World Bank Put Indonesia as an Upper Middle Income Country

JAKARTA (TheInsiderStories) - The World Bank has raised Indonesia's status from middle-income to upper-middle-income nations as of July 1, 2020. This was given after...

Indonesia Get Loans US$1B from AIIB to Battle the Virus

JAKARTA (TheInsiderStories) - Indonesia get loan facilities US$1 billion from the Asian Infrastructure Investment Bank (AIIB) to support the government’ virus battle, said the agency on...

COVID-19 to Plunge Global Economy Into Worst Recession Since World War...

JAKARTA (TheInsiderStories) - The swift and massive shock of the COVID-19 pandemic and shutdown measures to contain it have plunged the global economy into a severe...

WB: Countries Can Take Steps Now to Rebuild from COVID-19

JAKARTA (TheInsiderStories) - The COVID-19 pandemic and the economic shutdowns are dealing a severe blow to the global economy and especially poorer countries. Developing countries and...

Indonesia Get Loan Facilities US$250M for COVID-19 Emergency Response

JAKARTA (TheInsiderStories) - Indonesia get loan facilities US$250 million from various multilateral agencies for COVID-19 Emergency Response Project, World Bank announced today (05/28). The financing...

World Bank Approves US$700M for COVID-19 Responses in Indonesia

JAKARTA (TheInsiderStories) - The World Bank approved two new projects totaling US$700 million to help Indonesia to respond to the COVID-19 pandemic, said the agency on...

World Bank Group Prepares Funds US$160B Until 2021

JAKARTA (TheInsiderStories) - World Bank Group is prepared to deploy fast track support up to US$160 billion over the next 15 months, to help the countries fight...

Indonesia Seeks Fund US$7B from Multilateral Agencies

JAKARTA (TheInsiderStories) - After raised fresh funds from the global bond issuances, now Indonesia looking a multilateral loans around US$7 billion, said the central bank...

Countries Has Proposed Grants from Multilateral Agencies

JAKARTA (TheInsiderStories) - After the multilateral agencies announces the loan facilities program for develop and poor countries to overcome the COVID-19 outbreak with total amount...

Countries Must Act Now to Mitigate Economic Shock of COVID-19

JAKARTA (TheInsiderStories) - Developing economies in East Asia and the Pacific (EAP), already struggling with international trade tensions and COVID-19, now face a global shock as...

World Bank, IMF Announces Debt Relief for Poorest Countries

JAKARTA (TheInsiderStories) - The World Bank Group and International Monetary Fund (IMF) announced the debt relief for the poorest countries amid the coronavirus outbreak, said the...

G20 Mulls Joint Efforts to Handle COVID-19 Outbreak

JAKARTA (TheInsiderStories) - Group of 20 (G20) financial ministers and central bank governors agreed to develop a joint Action Plan in response to the COVID-19,...

World Bank Gives Loan Facility US$300M to Indonesia

JAKARTA (TheInsiderStories) – The World Bank approved a loan facilities worth of US$300 million to assist Indonesia in implementing financial sector reforms that will...

World Bank, IFC Rises COVID-19 Response to US$14B

JAKARTA (TheInsiderStories) - The World Bank and International Finance Corporation (IFC) approved an increased US$14 billion package of fast-track financing to assist companies and countries in...

UK Launchs Stimulus US$38B, Support IMF’s Catastrophe Relief Fund

JAKARTA (TheInsiderStories) - The United Kingdom (UK) launched a stimulus package worth of GBP30 billion (US$38.46 billion) to ward off the economic impact of the coronavirus...

IMF Prepares US$50B to Address the Impact of Coronavirus

JAKARTA (TheInsiderStories) - International Monetary Funds (IMF) makes available US$50 billion to help address the impact of coronavirus, said the managing director yesterday (03/04). The...

World Bank Prepares US$12B to Overcome COVID-19 Impact

JAKARTA (TheInsiderStories) - The World Bank Group prepared an initial package of up to US$12 billion ito help countries overcome the health and economic impacts of...

Widodo Wants Indonesia’s Ease Doing of Business Rank Rises to 40

JAKARTA (TheInsiderStories) - President Joko Widodo wants Indonesia' ease of doing business (EoDB) ranking rise from 73 to 40 position in 2019. To Reach the target,...

Pangestu Sees Coronavirus Could Drag Indonesian Economy

BOGOR (TheInsiderStories) - The new World Bank' managing director, Mari Elka Pangestu, rated that the coronavirus has the potential to drag Indonesia' economic growth to less...

Morning Briefing: Japan’s Foreign Minister Visits Indonesia

JAKARTA (TheInsiderStories) - Good Morning! Foreign minister of Japan, Toshimitsu Motegi, has scheduled to meet President of Indonesia Joko Widodo this morning. He also held...
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