Indonesia gets US$650mil loan from Germany's state bank to fight Covid-19

The proceeds from the €550 million loan would be used to upgrade hospitals and procure medical equipment, among other things. AFP

INDONESIA: Indonesia has secured a €550 million (US$650 million) loan from Germany's state bank KfW to fund its fight against the Covid-19 pandemic, Jakarta's embassy in Berlin said.

The proceeds would be used to upgrade hospitals and procure medical equipment, among other things, the embassy said in a Facebook post this week.