A health worker takes blood sample from a worker for rapid screening of coronavirus at a cigarette factory in Madiun, East Java, on May 27,2020 (Antara Photo/Siswowidodo)
MAY 29, 2020
Jakarta The World Bank revealed its approval to finance Indonesia’s Covid-19 Emergency Reaction Task by $250 million to assist the country enhance its health facilities, equipment, and security system as part of the pandemic mitigation efforts.
” Indonesia is utilizing all possible ways to mitigate the impacts of Covid-19 With this support, we are committed to reinforcing our prevention, testing, treatment, and details systems and secure our health employees,” Finance Minister Sri Mulyani Indrawati in a statement on Friday.
The Asian Infrastructure and Financial investment co-financed with the World Bank for this program. Indonesia also got an additional $200 million loan from the Islamic Development Bank.
” We also invite our advancement partners’ efforts to provide coordinated financing, and the World Bank’s partnership with the Asian Infrastructure Investment Bank and the Islamic Advancement Count on this program,” Sri Mulyani said.
The project focuses on reinforcing the nation’s emergency situation action to the pandemic, which includes increasing the lab network and surveillance systems and enhancing intensive care capacity.
Elderly, those with persistent illness and other vulnerable groups Covid-19 clients, consisting of health employees, will gain from the program.
It will also support Indonesia’s preparedness for contagious illness break outs in the future through much better reporting and security systems.
” We are proud to support Indonesia’s Covid-19 action and its efforts to lessen the impact of the pandemic, which is vital to guarantee continuity to lower poverty and safeguard the human capital,” Satu Kahkonen, World Bank country director for Indonesia and Timor-Leste stated in the release.
Half a million people who used to find employment in Indonesia’s large informal sector have lost all of their earnings and are now at threat of falling into absolute poverty.
In the formal sector, an overall of 1.5 million employees have currently lost their jobs from March to April, according to data from the Workforce Ministry.
The government will spend Rp 641 trillion ($44 billion) on healthcare, social safety net, and service rewards during the pandemic under the National Economic Recovery program.
Sri Mulyani predicted this year’s deficit would reach Rp 1,0285 trillion, or 6.27 percent of the nation’s gross domestic product (GDP), the biggest deficit given that at least 1988.
SHARE
