Wahyu Dwi Anggoro
IDXChannel - The Asian Development Bank (ADB) has approved a USD250 million loan to improve Indonesia’s flood management capacity. It includes USD10 million from the United Kingdom–ASEAN Catalytic Green Finance Facility (UK–AGCF) Trust Fund..
The Flood Management in North Java Project will reduce the flood risk in the northern coastal area of Java Island and strengthen the local community’s socioeconomic resilience. With an increasing population and assets in low-lying areas, Indonesia and particularly the northern coastal area of Java Island—a strategic economic corridor—is highly vulnerable to flooding and climate change.
Through the project, ADB aims to operationalize flood risk management in the Cimanuk-Cisanggarung (CimanCis) river basin territory in West Java and Seluna, Central Java. It will help reduce the risk of flooding to 485,000 people, of which 200,000 are poor and vulnerable, as well as damages to crops and assets. The project will also help reduce the exposure of economic centers to flood risks and traffic disruptions on the main road connecting Jakarta to East Java, ultimately benefiting the local and national economies.
“Floods disrupt economic activities, exacerbate economic inequalities, and disproportionately affect vulnerable people, including women,” said ADB Country Director for Indonesia Jiro Tominaga in a media release on Wednesday (6/12/2023).
“ADB remains committed to strengthening Indonesia’s capacity to address climate change in a gender-sensitive manner," he added.
