27 Oct 2017
INDONESIA: Development Projects Set to Receive Private, State and Overseas Aid Funding
The government has announced plans to combine private capital and state funds with Official Development Assistance (ODA) from overseas donor countries in order to finance a number of development-related projects. In accordance with this model, officially referred to as ‘blended finance’, private investment will be permitted in many of the country’s most high-profile development initiatives, including a number of public infrastructure projects and several waste and water management programmes.
The move is intended to secure the funding required for the country to meet the Sustainable Development Goals designated under the terms of a worldwide United Nations initiative. Among the key objectives of the programme are poverty eradication; improved health provisions; access to education; sustainable urban development; and environmental protection.