President Jokowi thanks AIIB

Bogor, W Java (ANTARA News) - Indonesian President Joko Widodo (Jokowi) thanked the Asian Infrastructure Investment Bank (AIIB) for funding several Indonesias infrastructure projects.

Speaking at a meeting with the AIIB delegation at Bogors Presidential Palace here on Monday, the head of state also expressed his high appreciation for the banks role over these past two years.

The AIIB has so far helped fund three ongoing infrastructure projects in Indonesia.

Following the meeting, Chairman of the AIIB delegation Christopher Legg remarked that the Government of Indonesia is keen to work with AIIB in resolving challenges in building infrastructure.

Hence, President Widodo has urged the AIIB to be more efficient and effective in finalizing deals with Indonesia.

Speaking in connection with the request, Legg, who is the representative of AIIB Australia, noted that the bank had only disbursed loans for three projects in Indonesia as the AIIB had just operated for two years and had still maintained stable management, with the human resources and representative offices.

"We have offered 20 loans in two years, of which three are for Indonesia. I hope this would grow step-by-step to at least four to five billion in the next two years, and Indonesia will receive a significant part of the funds. However, it should be applied in accordance with the needs of each region," he emphasized.

During the meeting, President Jokowi lauded the AIIB for supporting Indonesias infrastructure development and conveyed his best wishes for the banks future.

"I want to thank you for taking a part in financing some infrastructure in Indonesia in the first two years," he remarked.

The president also welcomed the AIIB delegation to visit some construction sites in Indonesia, such as the Mass Rapid Transit in Jakarta and toll roads in the Yogyakarta Special Region, as well as in Solo, Central Java.

Indonesia is one of the founders and shareholders of AIIB that was established in 2016.

During the first two years of AIIBs operations, Indonesia had received US$216.5 million in loans to finance three projects: elevating slum areas program, regional infrastructure development fund, and damage rehabilitation and safety operational safety fund II.

Some members of Jokowis cabinet comprising Coordinating Minister of Economy Darmin Nasution, Finance Minister Sri Mulyani, Public Works and Peoples Housing Minister Basuki Hadimuljono, and Cabinet Secretary Pramono Anung also attended the meeting with AIIB.

Leggs delegates comprised representatives from some AIIB member countries: Indonesia, Kazakhstan, Turkey, France, Italy, Bangladesh, India, the United Kingdom, Laos, Israel, and Poland.

Source: ANTARA News

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