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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...

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...