US to Provide USD649 Million to Boost Indonesia's Infrastructure

Millennium Challenge Corporation (MCC) CEO Alice Albright visited Indonesia.

IDXChannel - Millennium Challenge Corporation (MCC) CEO Alice Albright visited Indonesia to celebrate progress on the launch of the USD649 million Indonesia Infrastructure and Finance Compact . 

This MCC grant aims to improve both the quantity and quality of Indonesian infrastructure, as well as increase access to financing for small and medium enterprises.

“MCC’s partnership with Indonesia spans nearly two decades, and this latest compact program brings our total investment in the country to over USD1 billion,” said Albright in a media release on Tueday (30/7/2024). 

“Through this latest collaboration, I am excited that Indonesians will be able to strengthen and expand their businesses and safely access new marketplaces," said Albright.

MCC’s Indonesia Infrastructure and Finance Compact is expected to launch this September. The USD649 million grant aims to improve access to finance for the country’s transport and logistics infrastructure and small and medium enterprises, especially those owned by women. 

The grant follows a USD55 million Threshold Program in 2006 that implemented a national immunization strategy, built the capacity of health care workers, and reduced corruption. This was followed by the USD474 million MCC-Indonesia Compact focused on improving public procurement, clean energy deployment, and nutrition, which concluded in 2018.

MCC is an independent US government development agency working to reduce global poverty through economic growth. Created in 2004, MCC provides time-limited grants that pair investments in infrastructure with policy and institutional reforms to countries that meet rigorous standards for good governance, fighting corruption and respecting democratic rights. (Wahyu Dwi Anggoro)