AmCham Indonesia held a roundtable discussion with the Senior Commercial Officer and US Commercial Representative to the Asian Development Bank (ADB) Hanes Roberts and Senior US Commercial Liaison and Advisor to the US Executive Director at the World Bank Danica R Starks, on March 16. The session discussed financing opportunities from the two multilateral development banks (MBD), along with their priorities in 2023.
Hanes said ADB has been pushing more support on infrastructure, transportation, and the health sector. He said Indonesia is projected to receive $7.9 billion in sovereign ordinary capital resources (OCR) commitments and from the Asian Development Fund (ADF) between 2022-2024, and that ADB is open for financing proposals.
Danica spoke of the number of financing schemes the bank already has under its belt, along with details on the World Bank’s new procurement framework. She also encouraged the private sector to utilize MBDs in supporting beneficial projects.
The session wrapped up with a question and answer session, where participants gathered more insights on the application process, along with further details on project financing.
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