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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...

Global Growth: Modest Pickup to 2.5% in 2020 amid Mounting Debt,...

JAKARTA (TheInsiderStories) — Global economic growth is forecast to edge up to 2.5 percent in 2020 as investment and trade gradually recover from last year’s...

World Bank Warns as Debt in Developing Countries Hit US$55B

JAKARTA (TheInsiderStories) - The World Bank has warned against a fast-rising wave of debts in emerging and developing countries now standing at US$55 trillion,...

World Bank Cuts Indonesia’s Growth to 5% This Year

JAKARTA (TheInsiderStories) - The World Bank has cut Indonesia’s economic growth forecast to 5 percent for 2019, from the initial 5.1 percent in June,...

Morning Briefing: World Bank Review on Indonesian Economy Release Today

JAKARTA (TheInsiderStories) - Good Morning! This morning World Bank announces the third quarter review on the Indonesian economy. Earlier, the Fund has predicted the country'...

IFC: Asia Pacific Potentials to Grab US$18T in Green Building Investment

JAKARTA (TheInsiderStories)  - Asia-Pacific, which will house half the world’ urban population by 2030, has potential to grab US$17.8 trillion worth of opportunities investment, primarily...

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...