REPUBLIKA.CO.ID, JAKARTA -- President of the World Bank Group Jim Yong Kim has acknowledged the growth of Indonesia's economy, which rose by an average of 6 percent in the last decade.
He also praised all efforts made to decrease extreme poverty by 11.3 percent.
"Helping 25 million people out of poverty within a period of less than one generation is a great accomplishment," Kim said after meeting President Joko Widodo here on Wednesday.
According to Kim, the primary aim of the World Bank is to end extreme poverty by 2030 and increase the standard of low- and middle-income people.
He added that he has reorganized the World Bank Group with a new structure that focuses on information gathering and experience sharing in every sector among countries.
"We would like to ensure that member countries benefit from the World Bank," Kim remarked, adding that the institution offered a loan amounting to US$11 billion to Indonesia for the next four years.
The loan includes US$8 billion from the World Bank (International Bank for Reconstruction and Development), and US$3 billion from the International Finance Corporation and the Multilateral Investment Guarantee Agency.
This loan given to Indonesian is 25 percent higher than that in the last four-year period.
Moreover, Kim reaffirmed the World Bank's commitment to build and expand partnership with Indonesia.
"Our meeting with President Joko Widodo was very inspiring and indicated that we are heading in the right direction. The president's focus on building infrastructure makes me feel confident about the future of Indonesia," Kim noted.
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