RI to get $50m ADB loan

RI to get $50m ADB loan

MANILA (AFP): The Asian Development Bank (ADB) said Friday that it had approved a 50 million-dollar loan to Indonesia to improve coastal and marine resource management.

Indonesia is in the process of decentralizing the management of natural resources from the national government to local governments, the Manila-based ADB said in a statement.

Loan proceeds will help local governments take over the management of coastal and marine resources.

Fifty small-scale natural resource management schemes will be funded under the project. These will include the rehabilitation of damaged fish habitats such as mangroves, coral reefs and sea grass, control of pollution, siltation and erosion and the development of alternative livelihoods for small-scale fishermen.

The loan will be accompanied by a 775,000-dollar technical assistance grant, the ADB said.