
W’Bank Donates $1bn To Indonesia
The World Bank has announced funding of up to $1 billion for the Government of Indonesia to supplement relief and reconstruction efforts in the disaster-affected areas of Lombok and Sulawesi, and to bolster long-term resilience.
The funding would be available on request by the government. It would be guided by a US$5 million grant for technical assistance for detailed planning to ensure reconstruction is resilient and community-led.
“On Friday I visited the city of Palu in Sulawesi with His Excellency Vice President Kalla. It is humbling to see the devastation and hear the stories of those who have been affected,”,World Bank Chief Executive Officer, Kristalina Georgieva said.
“The government’s immediate relief efforts are robust and impressive. As we enter the reconstruction phase w