Leaders from the United States and Indonesia have signed a five-year, IDR 10.2 trillion ($698 million) compact aimed at improving access to finance for Indonesia’s transport and logistics infrastructure and MSMEs, as well as improving the country’s resilience against climate change.
Janet Yellen, U.S. secretary of the treasury, and Sri Mulyani Indrawati, Indonesian minister of finance, signed the Indonesia Infrastructure and Finance Compact on behalf of the U.S. government’s Millennium Challenge Corporation (MCC) and the Government of Indonesia. The compact will include IDR 9.5 trillion ($649 million) of contributions from the United States and IDR 718 billion ($49 million) from the Government of Indonesia.
“With this investment, we will have worked together on projects worth, in total, over $1 billion,” said Alice Albright, CEO of MCC. “The compact signed today will focus on sustainability and scalability, improving the country’s resilience against clima