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Al-Islamy Allocates $2.56B for Indonesia
The Islamic Development Bank Group has launched a partnership strategy with Indonesia for the period 2026-2030, backed by approximately $2.56 billion in funding, aimed at promoting sustainable economic development in the country. The strategy is based on two main pillars: the first focuses on improving infrastructure, such as transportation, food security, and energy, while the second aims to develop the workforce by strengthening healthcare systems, education, and skills development. The plan aligns with national goals and the group's strategic framework, seeking to enhance connectivity and resilience, increase opportunities for women and youth, and rely on Islamic finance, investments, and commercial financing. This partnership is part of a continued cooperation spanning over 40 years, during which previous funding has totaled around $7.2 billion to support Indonesia to date.
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