0 World Bank Infrastructure Indonesia

World Bank Infrastructure Indonesia

World Bank Managing Director Sri Mulyani Indrawati said the World Bank is committed to help finance infrastructure projects in Indonesia.

Sri Mulyani expressed the importance of infrastructure in a bid to boost economic growth in Indonesia.

"We're going to use, not only funds, but also the expertise of the AFC, namely the World Bank's private sector, and even the MIGA (Multilateral Investment Guarantee Agency)," she said after meeting with President Susilo Bambang Yudhoyono at the Presidential Office, Jakarta.

MIGA, she said, aims to ensure the policy framework and infrastructure development are more qualified based on good governance, as well as the qualities required for equitable development.

According to Sri Mulyani, who is also a former Minister of Finance, infrastructure development can not be imposed solely on budget revenue and expenditure (budget).

He stressed the importance of private sector participation in infrastructure development. Earlier, Vice President Boediono said Indonesia's economy promises.

Infrastructure, energy, finance, and others, continues to grow rapidly. Members of the middle class in the country are on the rise. It can be an opportunity for investment and trade.

"Indonesia has a tremendous need in infrastructure. This is a major challenge for our growth. According to estimates, Indonesia requires an additional 25,000 megawatts of power by 2020. Half will come from renewable geothermal energy. Indonesia also requires additional path along 10,000 miles in recent years, airports, ports, new railways system, and others, "Boediono said when opening the Wharton Global Alumni Forum in Jakarta.