World Bank offers disaster-hit Indonesia $1 billion in loans - Labarai Ingantattu

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World Bank offers disaster-hit Indonesia $1 billion in loans

Author: 
AFP
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ID: 
1539499974718605000
Sun, 2018-10-14 06:33

NUSA DUA, Indonesia: The World Bank on Sunday announced funding of up to $1 billion for Indonesia after it was rocked by a string of recent disasters, including a deadly earthquake-tsunami that killed thousands.
CEO Kristalina Georgieva unveiled the funds at Indonesian holiday island Bali, where the Bank and the International Monetary Fund have been holding their annual meetings.
A 7.5-magnitude quake and a resulting tsunami tore through Palu city on Sulawesi island on Sept. 28, killing more than 2,000 people and leaving thousands more missing, presumed dead.

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