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ADB approves 500-mln-USD loan to expand Indonesia's financial services

0 Comment(s)Print E-mail Xinhua, December 5, 2024
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MANILA, Dec. 5 (Xinhua) -- The Asian Development Bank (ADB) Thursday said it has approved a 500-million-U.S. dollar loan to foster financial inclusion in Indonesia.

The ADB said the loan will expand access to financial services for vulnerable groups, particularly micro, small and medium-sized enterprises (MSMEs), women, youth, and rural populations.

The Manila-based bank said the program focuses on three key reform areas: enhancing financial inclusion infrastructure, improving access to financial services for marginalized groups, and leveraging technology to strengthen consumer protection frameworks.

"By combining digital innovation with targeted support for vulnerable groups, this initiative will help create a more resilient and inclusive financial sector. The ADB is committed to supporting Indonesia's journey toward universal financial access," said ADB Country Director for Indonesia Jiro Tominaga. Enditem

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