KONTAN.CO.ID - JAKARTA. The World Bank said on Friday it has approved a $500 million loan for Indonesia to strengthen its financial response to natural disasters, climate risks, and health-related shocks. "This support will help the government deliver a more targeted and timely response, reducing the impact of disasters and helping to protect Indonesia's development progress," Finance Minister Sri Mulyani said in a statement. Indonesia, an archipelago located at the so-called "Pacific ring of fire", has nearly 130 active volcanoes and is hit regularly by earthquakes and sometimes by tsunami.
World Bank approves $500 million financing for Indonesia disaster response
KONTAN.CO.ID - JAKARTA. The World Bank said on Friday it has approved a $500 million loan for Indonesia to strengthen its financial response to natural disasters, climate risks, and health-related shocks. "This support will help the government deliver a more targeted and timely response, reducing the impact of disasters and helping to protect Indonesia's development progress," Finance Minister Sri Mulyani said in a statement. Indonesia, an archipelago located at the so-called "Pacific ring of fire", has nearly 130 active volcanoes and is hit regularly by earthquakes and sometimes by tsunami.