IBRD Loan: US$750 million
Terms: Maturity = 24.5 years; Grace Period = 9 years
Project ID: P113638
Project Description: The Sixth Development Policy Loan for Indonesia supports the Government of Indonesia's reform efforts in i) improving the investment climate through strengthened investment service institutions and regulations (revised investment negative list, simplified investment licensing procedures), enhanced trade facilitation as well as reduced tax burden and improved tax administration; ii) strengthening public financial management through improved results orientation in the budget process, streamlined budget execution and improved cash management as well as improved public procurement systems; iii) enhancing poverty reduction and improving service delivery efforts through increased handing for poverty programs, improved targeting of poverty programs and improved poverty measurement.
