{
    "success": true,
    "data": {
        "id": 1368304,
        "msgid": "jp2a00-1447899208",
        "date": "2003-07-01 00:00:00",
        "title": "JP\/2\/A00",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "JP\/2\/A00 RI to receive $250m loan from World Bank Bloomberg Jakarta The World Bank said it approved a US$ 250 million loan to Indonesia to fund health programs, alleviate poverty and build roads and other infrastructure projects. The aid will help to support an estimated 20,000 villages stretching from Sumatra in the west to Papua in the east from 2003 until 2008, project director Scott Guggenheim said in Jakarta.",
        "content": "<p>JP\/2\/A00<\/p>\n<p>RI to receive $250m loan from World Bank<\/p>\n<p>Bloomberg<br>\nJakarta<\/p>\n<p>The World Bank said it approved a US$ 250 million loan to<br>\nIndonesia to fund health programs, alleviate poverty and build<br>\nroads and other infrastructure projects.<\/p>\n<p>The aid will help to support an estimated 20,000 villages<br>\nstretching from Sumatra in the west to Papua in the east from<br>\n2003 until 2008, project director Scott Guggenheim said in<br>\nJakarta. It is part of the estimated $850 million the bank agreed<br>\nto lend Indonesia for the 10-year project that started 1998.<\/p>\n<p>\"The government doesn't have the money,\" Guggenheim said.<br>\n\"And, there are a lot of poor villages that need the services.\"<\/p>\n<p>Indonesia is counting on overseas loans and investment to help<br>\nexpand its economy by at least 4 percent this year and create new<br>\njobs. The cash-strapped government can't stimulate the economy<br>\nwith state spending in the face of a budget deficit estimated at<br>\nRp 34.4 trillion (US$4.2 billion).<\/p>\n<p>The World Bank estimates growth will slow to 3.3 percent this<br>\nyear from 3.7 percent last year. Indonesia has about 40 million<br>\nunemployed people, with 2.5 million entering the workforce<br>\nyearly.<\/p>\n<p>In January, international lenders extended $2.7 billion to the<br>\ngovernment and another $400 million for provincial governments<br>\nand non-governmental aid organizations. The Asian Development<br>\nBank and the World Bank said then that new loans would depend on<br>\nIndonesia's ability to curb corruption and help boost investor<br>\nconfidence by giving them avenues for legal recourse.<\/p>\n<p>In June 2002, the World Bank canceled loan disbursements from<br>\nan $88 million development project in cities across Sulawesi<br>\nisland due to concerns of misuse of aid. It had disbursed $76<br>\nmillion.<\/p>\n<p>Earlier this month, the World Bank said it is willing to lend<br>\nas much as $1 billion a year from an earlier pledge of $850<br>\nmillion, to bolster Indonesia's economy. The increase is pending<br>\nIndonesia's efforts to better monitor the use of development<br>\nloans, the bank said.<\/p>\n<p>The World Bank lent Indonesia $419 million last year and has<br>\ndisbursed $84.5 million this year.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/jp2a00-1447899208",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}