The overall objective of the Project is the promotion of sustainable economic growth and poverty reduction in Southern Java and Northern Kalimantan as a whole and the project areas in particular. The primary outcome is improved transport accessibility and connectivity.
The project is in-line government’s development plans and a key priority under the government’s 2010–2014 strategies. It is consistent with the recent MCPS of the IDB for Indonesia and is in line with IDB Vision 1440H in terms of prospering the people via planned infrastructure development for economic growth.
The Project, co-financed with the Asian Development Bank (ADB), will enhance road transport efficiency and safety generally and improve the road transport network by widening, rehabilitating and building new road sections. The project will also promote regional cooperation, as the rehabilitated roads in Kalimantan are key transport links to the neighboring countries of Malaysia and Brunei.
The Support to the Development of the Islamic Higher Education (IHE) in Indonesia project involves four State Institutes of Islamic Studies (IAIN), namely IAIN Sumatera Utara (Medan, North Sumatera), IAIN Raden Fatah (Palembang, South Sumatera), IAIN Walisongo (Semarang, Central Java) and IAIN Mataram (Mataram, West Nusa Tenggara.
The US$60 million trade financing operation for the Indonesian raw sugar refiner offers an alternative Shariah-compliant financing solution, as it is designed on structured Murabaha basis with strong risk mitigants in place.