Indonesian Political, Business & Finance News

ADB grant to RI

| Source: AFP

ADB grant to RI

MANILA (AFP): The Asian Development Bank (ADB) said here Thursday that it had approved an 850,000-dollar technical assistance grant to Indonesia to promote private sector participation in urban development.

The ADB said the grant would be used to strengthen the capacity of the Indonesian Directorate General of Human Settlements and other related agencies in seeking private sector partnerships in areas such as water supply and solid waste.

It will also go to promoting an orderly procurement process and transparency in the selection of project sponsors, the ADB said in a statement issued from its headquarters in the Philippine capital.

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