In July 2023 Indonesia regained upper-middle group according to the World Bank's income classification status after falling out in 2020 due to the impact of COVID-19 on the economy. With a ...

Indonesia’s central bank held rates steady on Wednesday, pausing again as external uncertainties make policymakers cautious.

The World Bank has approved a loan of around US$600 million to support the development of 540MW of new solar and wind ...

WASHINGTON, October 27, 2023 - The World Bank’s Board of Executive Directors on September 29, 2023, approved a program to support the Government of Indonesia in improving the equity, efficiency, and ...

The World Bank forecast economic growth would be 5.0% in 2024, compared with 5.05% in 2023, and then rise to 5.1% for both 2025 and 2026. Prabowo, who is currently Indonesia's defence minister ...

This investment marks the first World Bank-backed initiative in direct support of the Indonesian Government’s ambitious ...

JAKARTA, June 27 (Reuters) - The World Bank said on Tuesday it had approved a $1.14 billion project to expand access to cleaner electricity in Indonesia, for which it will provide $500 million in ...

Indonesia is proposing about $4 billion of projects to funders including the World Bank and the Asian Development Bank to help wean itself off of coal, with a deal possible as early as next week ...

The World Bank standard is not misguided as it is the international standard created through studies. “The government shouldn't neglect it. Don't deny it. It actually makes Indonesia's image worse, ...

TEMPO.CO, Jakarta - The World Bank revealed that Indonesia's tax revenue performance is still far below target. Value-added tax (VAT) and corporate income tax (CIT) collections are considered below ...

Indonesia has formally decided to become a member of the BRICS-affiliated New Development Bank (NDB), just months after fully integrating into the China-led economic alliance, Jakarta Globe reported.

Indonesia's central bank paused its easing cycle on Wednesday ... Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...