World Bank appreciates Indonesia`s commitment in hosting IMF-WB meeting

11 Oktober, 2018 | Source: Antara News

World Bank President Jim Yong Kim said he appreciated Indonesia`s commitment to host the annual meeting of the International Monetary Fund and the World Bank after it was repeatedly hit by major earthquakes and tsunami.

Kim expressed sympathy and said the World Bank wanted to continue cooperation with the Indonesian government and ready to provide aid if needed.

Late last month an earthquake 7.4 on the Richter scale that triggered tsunami swept across Central Sulawesi causing the death of more than 2,000 people and hundreds of others still missing , and a month earlier a big quake rocked Lombok killing more than 500 people.

Only on Thursday morning two people were reported killed by another major quake 6.3 on the Richter scale in a small island of East Java.

"By hosting the meeting, Indonesia shows to the world that it is strong and tough," Kim said in a news conference on the sidelines of the international meeting here on Thursday.

He said Indonesia has enjoyed a strong economic growth and has made significant progress in eliminating extreme poverty.

Indonesia`s per capita GDP rose from US$785 in 2000 to more than US$3,800 in 2017.

Poverty ratio dropped sharply in 18 years from 19.1 percent to 9.8 percent, the lowest ever in the country`s history.

"This is an impressive progress, and we believe Indonesia could continue with economic progress amid the tragedy lately," Kim said.

He said the international community stand side by side with Indonesia in facing this time of difficulty.

Earlier, Vice President Jusuf Kalla said the World Bank would provide long term loan aid to finance reconstruction of Palu and Donggala, the hardest hit by the tsunami in Central Sulawesi.

 

Indonesia`s economic growth reached a five-year high of 5.17 percent in 2018, mostly fueled by household consumption, investment, and government spending, according to the Central Statistics Agency (BPS).
tate-owned train maker PT Industri Kereta Api (Inka) sent on Sunday 15 train cars to Bangladesh, a portion of 250 train cars to be exported to the country this year after the company exported 200 train cars to the country in 2006 and 2016.
US companies perceive Indonesia as a potential regional hub for conducting their business and trade, Indonesia`s Trade Minister Enggartiasto Lukita stated.
Indonesia has eyed export of liquefied natural gas (LNG) to Cambodia to meet the demand for power plants in the country, Vice President Jusuf Kalla said here on Wednesday.
Indonesian Vice President Jusuf Kalla and Cambodian Prime Minister Hun Sen held bilateral talks at the Lotus Blanc Resort, Siem Reap, Cambodia, on Wednesday morning, to discuss the development of cooperation between both nations.
Economic diplomacy has become one of the priorities of the Indonesian foreign policy by boosting the country′s economic and trade cooperation with African, Central, and South American countries, Foreign Minister Retno L. P. Marsudi stated.
Address: 1068 Budapest, Városligeti fasor 26. | MAP |
Phone: (+36-1) 413 3800 Fax: (+36-1) 322 8669
E-mail: embassy@indonesianembassy.hu