ADB approves loan for RI

ADB approves loan for RI

JAKARTA (Dow Jones): The Asian Development Bank approved Monday a $190 million loan for Indonesia to help the country improve its rural road infrastructure.

The loan will help fund the Indonesian government's planned $250 million road improvement project for the islands of Java, Sumatra, Sulawesi and Kalimantan, the ADB said in a statement.

Jakarta will fund the balance of the project, the statement said.

"The project will support economic recovery and contribute to poverty reduction by selecting road sections in poor areas," the ADB added.

Indonesia's top economics minister, Rizal Ramli, has made infrastructure projects a major pillar of his plan to revive the local economy.