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US Doubles Development Assistance to Indonesia with USD649 Million Grant

Economics editor Wahyu Dwi Anggoro
06/09/2024 15:12 WIB
The United States (US) has welcomed the launch of the USD649 million Indonesia Infrastructure and Finance Compact.
US Doubles Development Assistance to Indonesia with USD649 Million Grant. (Foto: MNC Media)
US Doubles Development Assistance to Indonesia with USD649 Million Grant. (Foto: MNC Media)

Joining Lakhdhir at a September 4 launch event in the Energy Building in Jakarta’s Sudirman Central Business District were: MCC Vice President for Compact Operations Cameron Alford; Indonesian Deputy Minister of Finance Thomas Djiwandono; Ministry of National Development Planning/Bappenas Secretary Teni Widuriyanti; and Maurin Sitorus, the executive director of MCA-Indonesia II, which will implement the Compact on behalf of the Government of Indonesia.

The MCC compact, which includes a USD49 million co-investment from the Government of Indonesia in addition to the USD649 million MCC grant funding, will assist the Government of Indonesia in improving access to infrastructure financing —particularly transport and logistics infrastructure—and support for women-owned small businesses. 

This project, developed in close coordination with Indonesia, furthers US efforts to build climate-resilient transportation infrastructure and support Indonesia’s development goals while contributing to the objectives of the Partnership for Global Infrastructure and Investment. (Wahyu Dwi Anggoro)

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