World Bank gives Indonesia $400 mln loan for financial reform

WORLD BANK - ​JAKARTA. The World Bank has approved a $400 million loan for Indonesia to help the Southeast Asian country deepen its financial market, the Washington-based lender said on Friday.

The move comes after the bank in January gave Indonesia a $500 million loan to strengthen its financial response to natural disasters, climate risks and health-related shocks, among other financing it has provided during the coronavirus pandemic

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