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Governments Worldwide Launched 294 Reforms in 2018 to Make Doing Business...

JAKARTA (TheInsiderStories) — Governments of 115 economies around the world launched 294 reforms over the past year to make doing business easier for their domestic...

East Asia and Pacific: Growth Slows as Trade Tensions and Global...

JAKARTA (TheInsiderStories) — Growth in developing East Asian and Pacific economies is expected to slow from 6.3 percent in 2018 to 5.8 percent in...

Wolrd Bank: Indonesia Needs Strong Institutional Reform To Benefit of Urbanization

JAKARTA (TheInsiderStories) - Indonesia, the world’s fourth most populous country, stands as a country transformed by urbanization. It can be the next big thing...

WB: Debt Stocks of Developing Countries Rose to US$7.8T in 2018

JAKARTA (TheInsiderStories) - Total external debt of low- and middle-income countries climbed 5.3 percent to US$7.8 trillion during 2018, World Bank reported today (10/02). While, the...

World Bank Give Loans US$150M for Indonesia’s Geothermal Project

JAKARTA (TheInsiderStories) – World Bank approved a US$150 million loan for Indonesia to scale up investments in geothermal energy by reducing the risks of early-stage...

World Bank Sees Indonesia’s Growth at 4.9% in 2020

JAKARTA (TheInsiderStories) - Indonesia’s gross domestic product (GDP) growth could slow to 4.9 percent next year - below the government target 5.3 percent -...

Morning Briefing: World Bank Reminds a Potential Global Recession

JAKARTA (TheInsiderStories) - Country Director of World Bank Indonesia, Rodrigo Chaves reminded the government of a potential global economic recession in the meeting with President Joko Widodo...

Indonesia’s Waresix Raises US$14.5M in Series A Funding

JAKARTA (TheInsiderStories) - A leading Indonesian logistics tech player, Waresix, has successfully raised a Series A of funding round of US$14.5 million, less than...

World Bank: Indonesia Maintains Steady Economic Growth in 2019

JAKARTA (TheInsiderStories) - Indonesia’s gross domestic product (GDP) growth was broadly stable at 5.1 percent in the first quarter (Q1) of 2019. The country...

Resilient Recovery Through Reconstruction and Rehabilitation in Central Sulawesi

JAKARTA (TheInsiderStories) - On June 19, 2019, the World Bank Board of Executive Directors approved a $150 million loan to finance the reconstruction and...

World Bank Pledges USD49.6M for Indonesia, US$98M for West Java

JAKARTA (TheInsiderStories) – The World Bank’ approved a US$49.6 million loan for Indonesia to finance the development of urban project through a better integrated planning...

Morning Briefing: Japan’s Premier Makes Historic Trip to Iran

JAKARTA (TheInsiderStories) - On Wednesday, Japan' Prime Minister Shinzo Abe arrived in Tehran, Iran, to ease tension between the United States (US) and Iran. This is the...

World Bank: Global Growth to Weaken to 2.6% in 2019

JAKARTA (TheInsidesStories) — Global economic growth is forecast to ease to a weaker-than-expected 2.6 percent in 2019 before inching up to 2.7 percent in 2020,...

WB: World Energy Need Investment US$1.35T in 2030

JAKARTA (TheInsiderStories) – World Bank (WB) estimated that to meet the energy access target in 2030, the world requires an investment of US$1.35 trillion, mainly to fulfill...

World Bank: Oil Prices will be Lower in 2019-2020

JAKARTA (TheInsiderStories) – The World Bank (WB) saw that crude oil prices are estimated in average US$66 per barrel in 2019 and then decline to...

Asia-Pacific Economies Slowing Down, World Bank Says

JAKARTA (TheInsiderStories) - Economic growth in East Asia and the Pacific is projected to soften to 6 percent in 2019 and 2020, down from 6.3...

David Malpass: The World Needs New Approach to Reduce Poverty in...

JAKARTA (TheInsiderStories) – The World Bank Executive Board has approved David Robert Malpass's victory to fill the leadership chair of financial institutions after being...

Darkening Prospects: Global Growth to Slow to 2.9% in 2019 as...

JAKARTA (TheInsiderStories) - Global economic growth is projected to soften from a downwardly revised 3 percent in 2018 to 2.9 percent in 2019, amid rising downside...

Unexpectedly, Kim Stepped Down from the World Bank

JAKARTA (TheInsiderStories) - Unexpectedly World Bank (WB) President Jim Yong Kim will stepped down from his position. He will leave the office by Feb. 1, 2019, three...

World Bank Sees Indonesian GDP 5.2% in 2018, 2019

JAKARTA (TheInsiderStories) – Indonesia has weathered substantial global volatility thanks to sound macroeconomic fundamentals and strong policy coordination, according to the World Bank’s December...

WB: East Asia Needs to Adapt its Development Model to Sustain...

JAKARTA (TheInsiderStories) – East Asia’s remarkably successful development model – a combination of outward-oriented growth, human capital development, and sound economic governance – needs to...

IMF, Ukrainian Signs New Stand-by Arrangement US$3.9B

JAKARTA (TheInsiderStories) - The International Monetary Fund (IMF) and the Ukrainian authorities have reached agreement on economic policies for a new 14-month Stand-By Arrangement (SBA). The...

Global Eyes on Argentine’s G20 Meeting, Amid US-China Trade War

JAKARTA (TheInsiderStories) - All eyes will go to G20 meeting in Buenos Aires, Argentina on November, amid the trade tensions between the two countries. The...

World Bank Pledges US$1B Assistance for Central Sulawesi and Lombok

JAKARTA (TheInsiderStories) - The World Bank has announced funding up to US$1 billion for Indonesia to supplement relief and reconstruction efforts in the disaster-affected areas of...

Global Finance Leaders Meet in Bali Talks on Economy, Other Issues

JAKARTA (TheInsiderStories) - Starting today, global finance leaders to meet this week in Denpasar, Bali, for the Annual International Monetary Fund (IMF) and World Bank meetings....

East Asia and Pacific Growth Remains Resilient Despite Heightened Global Uncertainty

JAKARTA (TheInsiderStories) - Despite a less favorable external environment, the growth outlook for developing East Asia and Pacific (EAP) remains positive, according to the latest...

World Bank : Project Delays, Import Tax Policy Will Not Improves...

JAKARTA (TheInsiderStories) - Country Director of the World Bank Indonesia, Rodrigo Chaves rated that the government' move to postpone some infrastructure projects that bring investment and cut...

Indonesian Govt. Spends $39M on IMF-World Bank Meeting Preparation

JAKARTA (TheInsiderStories)--Indonesian government spent Rp566 billion (US$39.01 million) on the preparation of International Monetary Fund (IMF)-World Bank (WB) meeting that will be held on...

Indonesia’s Logistics Performance Remains Poor

JAKARTA (TheInsiderStories)--Indonesia jumped 17 positions in the World Bank's Logistics Performance Index (LPI) to 46th out of 168 countries in 2018 from 63rd in...

Policy Review: Indonesia Begs Loans from World Bank to Fund LRT...

JAKARTA (TheInsiderStories - The World Bank is reportedly offering the Indonesian government a loan to fund the country’s light rail transit (LRT) developments, said transportation...