Strengthening Indonesia's Fiscal Resilience to Natural Disasters and Health-Related Shocks
The World Bank’s Board of Executive Directors recently approved a $500 million loan to strengthen Indonesia's financial and fiscal resilience. The loan will help the country build and strengthen its financial response to natural disasters, climate risks, and health-related shocks. The project is supported by a $14 million grant from the Global Risk Financing Facility (GRiF) to assist in building technical capacity, environmental and social management systems, bring new technology to the management of the Pooling Fund, and invest in evaluations and learning, including how to best serve the most vulnerable groups. The original press release can be found here.
Photo Credit: © Curt Carnemark / World Bank