ADB approves $500 million loan to Indonesia
Policy-based facility focuses on expanding vulnerable groups’ access to financial services
The Asian Development Bank (ADB) has approved a $500 million loan to promote financial inclusion in Indonesia.
In a statement on December 5, the ADB said the policy-based loan was aimed at expanding access to financial services for vulnerable groups. The organisation said the loan would be targeting women, young people and populations in rural areas.
Other key initiatives that the loan would support include micro, small and medium-sized enterprises; the expansion of the country’s digital finance
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