The loan is to the Government of Indonesia's development bank, Bank Pembangunan Indonesia (BAPINDO), which will use the funds to invest in small- and medium-sized enterprises.
In 1969, the World Bank Group participated in a review of the Government of Indonesia's development bank, Bank Pembangunan Indonesia (BAPINDO), and suggested a number of reforms. As part of the reforms it was agreed that BAPINDO would lend to small- and medium-sized enterprises primarily in the industrial and transportation fields and that BAPINDO would have autonomy to carry out its operations. The loan, a $10 million IDA credit, will be used for making new loan commitments and building up liquidity for later operations.
June 2, 1970
The report provides conclusions reached during a meeting between Government of Indonesia officials and Bank Group staff regarding reforms to development financing institutions in the country (1787028).
Nov. 3, 1971
Minister Wardhana reports to the Bank Group decisions his government has made with regard to development finance companies in Indonesia (1787224).
Nov. 12, 1971
Bank Group Deputy Director of Development Finance Companies P. M. Mathew provides a tentative timeline for preparation of the development finance corporation funding (1787224).
Among those present at the signing are His Excellency Dr. Ali Wardhana, Minister of Finance (second from left) and IDA Vice President J. Burke Knapp (second from right; 1724187; Credit: The World Bank).
P003720: Approved May 30, 1972
The project profile contains an overview of the project, financial details, and a list of project documents and archival record folders related to the project.
The report covers Indonesia's industrial and financial sectors and provides a detailed description of the project.
The report evaluates the completed project and describes implementation issues. The Project Completion Report, also included, describes the project's impacts.