The Asian Development Bank (ADB) has approved a US$500 million loan to support Indonesia's energy sector reforms, to boost fiscal sustainability and governance, expand private sector investments in clean and renewable energy, and promote green recovery from the COVID-19 pandemic. ADB will also administer a US$15 million loan for the third subpro-gramme of the Sustainable and Inclusive Energy Programme funded by the Association of Southeast Asian Nations (ASEAN) Infrastructure Fund, through its ASEAN Catalytic Green Finance Facility (ACGF). In addition, the project will include an equivalent of US$292 million in co-financing from the German Development Cooperation, through KfW, and US$60 million from the Economic Development Cooperation Fund. "The program supports the government in implementing a policy framework to achieve financial sustainability for the energy sector and improved energy access, along with a commitment to a clean energy transition," said ADB Senior Energy Specialist, Yuki Inoue. He added: "The reforms will also pave the way for taking forward the broader energy transition agenda announced by Indonesia and its international partners at the recently concluded Group of 20 meetings."
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