World Bank gives Indonesia US$400mil loan for financial reform

JAKARTA, June 11 (Reuters): The World Bank has approved a US$400 million loan for Indonesia to help the South-East Asian country deepen its financial market, the Washington-based lender said on Friday.

The move comes after the bank in January gave Indonesia a US$500 million loan to strengthen its financial response to natural disasters, climate risks and health-related shocks, among other financing it has provided during the coronavirus pandemic.

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Indonesia , World Bank , US$400 Million , Loan , Deepen , Financial , Market

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