Category Archives: WB

World Bank offers disaster-hit Indonesia $1 bn in loans

Yahoo – AFP, October 14, 2018

The recent quake-tsunami unleashed devastation on the Indonesian island of
Sulawesi, killing thousands (AFP Photo/MOHD RASFAN)

The World Bank on Sunday announced funding of up to $1 billion for Indonesia after it was rocked by a string of recent disasters, including a deadly earthquake-tsunami that killed thousands.

CEO Kristalina Georgieva unveiled the funds at Indonesian holiday island Bali, where the Bank and the International Monetary Fund have been holding their annual meetings.

A 7.5-magnitude quake and a resulting tsunami tore through Palu city on Sulawesi island on September 28, killing more than 2,000 people and leaving thousands more missing, presumed dead.

Rescue teams scoured the wreckage for a fortnight before calling off the search for the dead, acknowledging as many as 5,000 missing people might never be found.

Georgieva said the funds being made available by the Bank in the form of loans could be used for reconstruction but were also intended to help Indonesia build "resilience", so it would be better prepared in the face of future disasters.

"Disasters will continue to hit and with climate change there will be more," said Georgieva, who visited Palu earlier this week.

"The best memorial we can build for the victims of disaster is to build better, so next time when a disaster hits fewer people are affected, fewer lives are lost, and there is less damage."

Nearly 90,000 people were displaced by the quake in Palu, forcing them into evacuation centres across the rubble-strewn city.

Officials said it could be two years before all the homeless are found permanent accommodation.

Aid groups say a dearth of clean drinking water and medical supplies remains a very real concern for 200,000 people in urgent need.

Donations have begun pouring into the coastal city of 350,000 after a slow start which saw Indonesia criticised for stalling the flow of relief supplies.

The shallow 7.5-magnitude tremor was more powerful than a series of quakes this summer that killed more than 550 people on the Indonesian island of Lombok and neighbouring Sumbawa.

Indonesia has been hit by a string of other deadly quakes, including a devastating 9.1-magnitude tremor that struck off the coast of Sumatra in December 2004, killing 220,000 throughout the region, including 168,000 in Indonesia.

Indonesian Finance Minister Sri Mulyani Indrawati welcomed the pledge.

"This is not one earmark for a certain project, this is something that can be used by the government to support (people) during this uncertain time," she said.

The funding was particularly important in the current economic climate, she said, "with much higher interest rates, tightening of liquidity, (it is) a much harder environment for us to get financing from outside".

Indonesia is one of the most disaster-prone nations on earth.

It lies on the Pacific "Ring of Fire", where tectonic plates collide and many of the world's volcanic eruptions and earthquakes occur.

Abused Hong Kong maid Erwiana ‘rises again’

Yahoo - AFP, Agus Purwanto, 28 September 2018

Erwiana now works on behalf of migrant workers

She was once the face of abused maids in Hong Kong -- imprisoned, starved and beaten so badly she lost control of her bodily functions.

But four years after her horrific ordeal made global headlines, Indonesian Erwiana Sulistyaningsih is a university graduate and fighting for the rights of domestic helpers in the southern Chinese city and beyond.

Erwiana completed a degree in economics this month -- the culmination of a dream that brought her to Hong Kong in 2013 before her life was turned upside down.

"Before I went to Hong Kong, I had been dreaming I could make enough money to study," the 27-year-old told AFP from her home in Indonesia's cultural capital Yogyakarta.

"After the incident, I thought I might have to give up on that dream."

Erwiana's employer Law Wan-tung was jailed after pictures of her extensive injuries went viral in 2014.

Widespread media coverage of Erwiana's torture had one unexpected benefit -- she was offered scholarships to study.

"I'm happy but it's bittersweet because even though I graduated university there are still many migrant workers who are persecuted and treated badly," she said.

She chose economics partly to understand "why so many people in this world have to migrate" for work.

"People should be able to live peacefully in their own country without having to work abroad unprotected," she said.

Erwiana plans to take that message to demonstrations outside the annual meetings of the International Monetary Fund and World Bank in Bali next month.

Erwiana's horrific ordeal made global headlines

She now works on behalf of migrant workers, including pushing for the release of former Filipina maid Mary Jane Veloso who is on death row in Indonesia for drug smuggling.

Most domestic workers in Hong Kong are from poor communities in Indonesia and the Philippines and are vulnerable to abuse by employers and employment agencies.

Migrants from both countries have also suffered injury -- or worse -- in the Middle East and other parts of the world.

In February, the death of a Filipina maid in Kuwait, whose body was found this year stuffed in a freezer, sparked outrage in the Philippines.

Also this year, Indonesian domestic helper Adelina Sau died in hospital after being rescued from her employer's house in Malaysia's Penang state, with wounds covering her body. Her boss was charged with murder.

It is these stories that prompted Erwiana to fight for workers' rights, and never give up on herself even when she doubted her chances.

"I never imagined I'd be here -- I almost gave up," she said.

"I was so sick, I was a failed migrant worker and my injuries were all over the media.

"But because my family and fellow migrant worker friends gave me strength, I finally had the spirit to rise again."



Erwiana Sulistyaningsih arrives at the Wanchai Law Courts to begin giving
 evidence against her former employer who is accused of abuse and torture, in
Hong Kong on Monday. (AFP Photo/Isaac Lawrence)

Related Article:


RI among emerging markets redefining global economy

Antara News, Wed, June 15 2011

Jakarta (ANTARA News) - By 2025, Indonesia will be among six major emerging economies to account for more than half of all global growth, says a new World Bank report.

"Other emerging economies include Brazil, China, India, South Korea, and Russia, and as economic power shifts, these countries will help drive growth in lower income countries through more commercial and financial transactions," said the report which was first released on May 17, 2011 in Washington D.C.

International trade in general is expected to rise significantly for emerging economies by 2025. For example, the value of Indonesia`s exports is likely to double between 2010 and 2025. The value of its imports is expected to be more than one-and-a-half times higher by 2025.

Over the same period, global trade - as a contribution to global output - is expected to go up from 49.9 percent to 53.6 percent.

With a growing middle class in developing countries, consumption trends are likely to strengthen, and eventually become a source of sustained global growth.

However, in adapting to its new global role, Indonesia - along with countries like China, India and Russia - must still do more to strengthen its domestic institutions in the economic, financial and social sectors.

"Indonesia has one of the fastest growing middle classes among its emerging peers, expanding at a rate of up to 7 million people a year," says World Bank Country Director for Indonesia, Stefan Koeberle, referring to the number of people entering the lower-middle income group annually since 2004.

"Focusing its policies on reforming key institutions, achieving good governance and boosting the skills of its labor force are all key to helping Indonesia settle into its new role on the global stage," he added.

The international monetary system will likely no longer be dominated by a single currency, according to the report which was posted on the official website of the World Bank Indonesia, Wednesday.

"Global Development Horizons 2011-Multipolarity: The New Global Economy" projects that these emerging economies will grow on average by 4.7 percent a year between 2011 and 2025.

Advanced economies, on the other hand, are forecast to grow by only 2.3 percent over the same period, but will remain prominent in the global economy.

"The projected changes in the global economy are likely to be positive for developing countries. However, a key question is whether existing multilateral norms and institutions can accommodate the passage toward multipolarity," said Mansoor Dailami, lead author of the report and manager of emerging trends at the World Bank.

"In managing global integration, strengthening policy coordination across power centers becomes critical to reducing the risks of economic instability," he said.

Editor: Jafar M Sidik

RI among emerging markets redefining global economy

Antara News, Wed, June 15 2011

Jakarta (ANTARA News) - By 2025, Indonesia will be among six major emerging economies to account for more than half of all global growth, says a new World Bank report.

"Other emerging economies include Brazil, China, India, South Korea, and Russia, and as economic power shifts, these countries will help drive growth in lower income countries through more commercial and financial transactions," said the report which was first released on May 17, 2011 in Washington D.C.

International trade in general is expected to rise significantly for emerging economies by 2025. For example, the value of Indonesia`s exports is likely to double between 2010 and 2025. The value of its imports is expected to be more than one-and-a-half times higher by 2025.

Over the same period, global trade - as a contribution to global output - is expected to go up from 49.9 percent to 53.6 percent.

With a growing middle class in developing countries, consumption trends are likely to strengthen, and eventually become a source of sustained global growth.

However, in adapting to its new global role, Indonesia - along with countries like China, India and Russia - must still do more to strengthen its domestic institutions in the economic, financial and social sectors.

"Indonesia has one of the fastest growing middle classes among its emerging peers, expanding at a rate of up to 7 million people a year," says World Bank Country Director for Indonesia, Stefan Koeberle, referring to the number of people entering the lower-middle income group annually since 2004.

"Focusing its policies on reforming key institutions, achieving good governance and boosting the skills of its labor force are all key to helping Indonesia settle into its new role on the global stage," he added.

The international monetary system will likely no longer be dominated by a single currency, according to the report which was posted on the official website of the World Bank Indonesia, Wednesday.

"Global Development Horizons 2011-Multipolarity: The New Global Economy" projects that these emerging economies will grow on average by 4.7 percent a year between 2011 and 2025.

Advanced economies, on the other hand, are forecast to grow by only 2.3 percent over the same period, but will remain prominent in the global economy.

"The projected changes in the global economy are likely to be positive for developing countries. However, a key question is whether existing multilateral norms and institutions can accommodate the passage toward multipolarity," said Mansoor Dailami, lead author of the report and manager of emerging trends at the World Bank.

"In managing global integration, strengthening policy coordination across power centers becomes critical to reducing the risks of economic instability," he said.

Editor: Jafar M Sidik

RI among emerging markets redefining global economy

Antara News, Wed, June 15 2011

Jakarta (ANTARA News) - By 2025, Indonesia will be among six major emerging economies to account for more than half of all global growth, says a new World Bank report.

"Other emerging economies include Brazil, China, India, South Korea, and Russia, and as economic power shifts, these countries will help drive growth in lower income countries through more commercial and financial transactions," said the report which was first released on May 17, 2011 in Washington D.C.

International trade in general is expected to rise significantly for emerging economies by 2025. For example, the value of Indonesia`s exports is likely to double between 2010 and 2025. The value of its imports is expected to be more than one-and-a-half times higher by 2025.

Over the same period, global trade - as a contribution to global output - is expected to go up from 49.9 percent to 53.6 percent.

With a growing middle class in developing countries, consumption trends are likely to strengthen, and eventually become a source of sustained global growth.

However, in adapting to its new global role, Indonesia - along with countries like China, India and Russia - must still do more to strengthen its domestic institutions in the economic, financial and social sectors.

"Indonesia has one of the fastest growing middle classes among its emerging peers, expanding at a rate of up to 7 million people a year," says World Bank Country Director for Indonesia, Stefan Koeberle, referring to the number of people entering the lower-middle income group annually since 2004.

"Focusing its policies on reforming key institutions, achieving good governance and boosting the skills of its labor force are all key to helping Indonesia settle into its new role on the global stage," he added.

The international monetary system will likely no longer be dominated by a single currency, according to the report which was posted on the official website of the World Bank Indonesia, Wednesday.

"Global Development Horizons 2011-Multipolarity: The New Global Economy" projects that these emerging economies will grow on average by 4.7 percent a year between 2011 and 2025.

Advanced economies, on the other hand, are forecast to grow by only 2.3 percent over the same period, but will remain prominent in the global economy.

"The projected changes in the global economy are likely to be positive for developing countries. However, a key question is whether existing multilateral norms and institutions can accommodate the passage toward multipolarity," said Mansoor Dailami, lead author of the report and manager of emerging trends at the World Bank.

"In managing global integration, strengthening policy coordination across power centers becomes critical to reducing the risks of economic instability," he said.

Editor: Jafar M Sidik

RI among emerging markets redefining global economy

Antara News, Wed, June 15 2011

Jakarta (ANTARA News) - By 2025, Indonesia will be among six major emerging economies to account for more than half of all global growth, says a new World Bank report.

"Other emerging economies include Brazil, China, India, South Korea, and Russia, and as economic power shifts, these countries will help drive growth in lower income countries through more commercial and financial transactions," said the report which was first released on May 17, 2011 in Washington D.C.

International trade in general is expected to rise significantly for emerging economies by 2025. For example, the value of Indonesia`s exports is likely to double between 2010 and 2025. The value of its imports is expected to be more than one-and-a-half times higher by 2025.

Over the same period, global trade - as a contribution to global output - is expected to go up from 49.9 percent to 53.6 percent.

With a growing middle class in developing countries, consumption trends are likely to strengthen, and eventually become a source of sustained global growth.

However, in adapting to its new global role, Indonesia - along with countries like China, India and Russia - must still do more to strengthen its domestic institutions in the economic, financial and social sectors.

"Indonesia has one of the fastest growing middle classes among its emerging peers, expanding at a rate of up to 7 million people a year," says World Bank Country Director for Indonesia, Stefan Koeberle, referring to the number of people entering the lower-middle income group annually since 2004.

"Focusing its policies on reforming key institutions, achieving good governance and boosting the skills of its labor force are all key to helping Indonesia settle into its new role on the global stage," he added.

The international monetary system will likely no longer be dominated by a single currency, according to the report which was posted on the official website of the World Bank Indonesia, Wednesday.

"Global Development Horizons 2011-Multipolarity: The New Global Economy" projects that these emerging economies will grow on average by 4.7 percent a year between 2011 and 2025.

Advanced economies, on the other hand, are forecast to grow by only 2.3 percent over the same period, but will remain prominent in the global economy.

"The projected changes in the global economy are likely to be positive for developing countries. However, a key question is whether existing multilateral norms and institutions can accommodate the passage toward multipolarity," said Mansoor Dailami, lead author of the report and manager of emerging trends at the World Bank.

"In managing global integration, strengthening policy coordination across power centers becomes critical to reducing the risks of economic instability," he said.

Editor: Jafar M Sidik

RI among emerging markets redefining global economy

Antara News, Wed, June 15 2011

Jakarta (ANTARA News) - By 2025, Indonesia will be among six major emerging economies to account for more than half of all global growth, says a new World Bank report.

"Other emerging economies include Brazil, China, India, South Korea, and Russia, and as economic power shifts, these countries will help drive growth in lower income countries through more commercial and financial transactions," said the report which was first released on May 17, 2011 in Washington D.C.

International trade in general is expected to rise significantly for emerging economies by 2025. For example, the value of Indonesia`s exports is likely to double between 2010 and 2025. The value of its imports is expected to be more than one-and-a-half times higher by 2025.

Over the same period, global trade - as a contribution to global output - is expected to go up from 49.9 percent to 53.6 percent.

With a growing middle class in developing countries, consumption trends are likely to strengthen, and eventually become a source of sustained global growth.

However, in adapting to its new global role, Indonesia - along with countries like China, India and Russia - must still do more to strengthen its domestic institutions in the economic, financial and social sectors.

"Indonesia has one of the fastest growing middle classes among its emerging peers, expanding at a rate of up to 7 million people a year," says World Bank Country Director for Indonesia, Stefan Koeberle, referring to the number of people entering the lower-middle income group annually since 2004.

"Focusing its policies on reforming key institutions, achieving good governance and boosting the skills of its labor force are all key to helping Indonesia settle into its new role on the global stage," he added.

The international monetary system will likely no longer be dominated by a single currency, according to the report which was posted on the official website of the World Bank Indonesia, Wednesday.

"Global Development Horizons 2011-Multipolarity: The New Global Economy" projects that these emerging economies will grow on average by 4.7 percent a year between 2011 and 2025.

Advanced economies, on the other hand, are forecast to grow by only 2.3 percent over the same period, but will remain prominent in the global economy.

"The projected changes in the global economy are likely to be positive for developing countries. However, a key question is whether existing multilateral norms and institutions can accommodate the passage toward multipolarity," said Mansoor Dailami, lead author of the report and manager of emerging trends at the World Bank.

"In managing global integration, strengthening policy coordination across power centers becomes critical to reducing the risks of economic instability," he said.

Editor: Jafar M Sidik

RI among emerging markets redefining global economy

Antara News, Wed, June 15 2011

Jakarta (ANTARA News) - By 2025, Indonesia will be among six major emerging economies to account for more than half of all global growth, says a new World Bank report.

"Other emerging economies include Brazil, China, India, South Korea, and Russia, and as economic power shifts, these countries will help drive growth in lower income countries through more commercial and financial transactions," said the report which was first released on May 17, 2011 in Washington D.C.

International trade in general is expected to rise significantly for emerging economies by 2025. For example, the value of Indonesia`s exports is likely to double between 2010 and 2025. The value of its imports is expected to be more than one-and-a-half times higher by 2025.

Over the same period, global trade - as a contribution to global output - is expected to go up from 49.9 percent to 53.6 percent.

With a growing middle class in developing countries, consumption trends are likely to strengthen, and eventually become a source of sustained global growth.

However, in adapting to its new global role, Indonesia - along with countries like China, India and Russia - must still do more to strengthen its domestic institutions in the economic, financial and social sectors.

"Indonesia has one of the fastest growing middle classes among its emerging peers, expanding at a rate of up to 7 million people a year," says World Bank Country Director for Indonesia, Stefan Koeberle, referring to the number of people entering the lower-middle income group annually since 2004.

"Focusing its policies on reforming key institutions, achieving good governance and boosting the skills of its labor force are all key to helping Indonesia settle into its new role on the global stage," he added.

The international monetary system will likely no longer be dominated by a single currency, according to the report which was posted on the official website of the World Bank Indonesia, Wednesday.

"Global Development Horizons 2011-Multipolarity: The New Global Economy" projects that these emerging economies will grow on average by 4.7 percent a year between 2011 and 2025.

Advanced economies, on the other hand, are forecast to grow by only 2.3 percent over the same period, but will remain prominent in the global economy.

"The projected changes in the global economy are likely to be positive for developing countries. However, a key question is whether existing multilateral norms and institutions can accommodate the passage toward multipolarity," said Mansoor Dailami, lead author of the report and manager of emerging trends at the World Bank.

"In managing global integration, strengthening policy coordination across power centers becomes critical to reducing the risks of economic instability," he said.

Editor: Jafar M Sidik

RI among emerging markets redefining global economy

Antara News, Wed, June 15 2011

Jakarta (ANTARA News) - By 2025, Indonesia will be among six major emerging economies to account for more than half of all global growth, says a new World Bank report.

"Other emerging economies include Brazil, China, India, South Korea, and Russia, and as economic power shifts, these countries will help drive growth in lower income countries through more commercial and financial transactions," said the report which was first released on May 17, 2011 in Washington D.C.

International trade in general is expected to rise significantly for emerging economies by 2025. For example, the value of Indonesia`s exports is likely to double between 2010 and 2025. The value of its imports is expected to be more than one-and-a-half times higher by 2025.

Over the same period, global trade - as a contribution to global output - is expected to go up from 49.9 percent to 53.6 percent.

With a growing middle class in developing countries, consumption trends are likely to strengthen, and eventually become a source of sustained global growth.

However, in adapting to its new global role, Indonesia - along with countries like China, India and Russia - must still do more to strengthen its domestic institutions in the economic, financial and social sectors.

"Indonesia has one of the fastest growing middle classes among its emerging peers, expanding at a rate of up to 7 million people a year," says World Bank Country Director for Indonesia, Stefan Koeberle, referring to the number of people entering the lower-middle income group annually since 2004.

"Focusing its policies on reforming key institutions, achieving good governance and boosting the skills of its labor force are all key to helping Indonesia settle into its new role on the global stage," he added.

The international monetary system will likely no longer be dominated by a single currency, according to the report which was posted on the official website of the World Bank Indonesia, Wednesday.

"Global Development Horizons 2011-Multipolarity: The New Global Economy" projects that these emerging economies will grow on average by 4.7 percent a year between 2011 and 2025.

Advanced economies, on the other hand, are forecast to grow by only 2.3 percent over the same period, but will remain prominent in the global economy.

"The projected changes in the global economy are likely to be positive for developing countries. However, a key question is whether existing multilateral norms and institutions can accommodate the passage toward multipolarity," said Mansoor Dailami, lead author of the report and manager of emerging trends at the World Bank.

"In managing global integration, strengthening policy coordination across power centers becomes critical to reducing the risks of economic instability," he said.

Editor: Jafar M Sidik

RI among emerging markets redefining global economy

Antara News, Wed, June 15 2011

Jakarta (ANTARA News) - By 2025, Indonesia will be among six major emerging economies to account for more than half of all global growth, says a new World Bank report.

"Other emerging economies include Brazil, China, India, South Korea, and Russia, and as economic power shifts, these countries will help drive growth in lower income countries through more commercial and financial transactions," said the report which was first released on May 17, 2011 in Washington D.C.

International trade in general is expected to rise significantly for emerging economies by 2025. For example, the value of Indonesia`s exports is likely to double between 2010 and 2025. The value of its imports is expected to be more than one-and-a-half times higher by 2025.

Over the same period, global trade - as a contribution to global output - is expected to go up from 49.9 percent to 53.6 percent.

With a growing middle class in developing countries, consumption trends are likely to strengthen, and eventually become a source of sustained global growth.

However, in adapting to its new global role, Indonesia - along with countries like China, India and Russia - must still do more to strengthen its domestic institutions in the economic, financial and social sectors.

"Indonesia has one of the fastest growing middle classes among its emerging peers, expanding at a rate of up to 7 million people a year," says World Bank Country Director for Indonesia, Stefan Koeberle, referring to the number of people entering the lower-middle income group annually since 2004.

"Focusing its policies on reforming key institutions, achieving good governance and boosting the skills of its labor force are all key to helping Indonesia settle into its new role on the global stage," he added.

The international monetary system will likely no longer be dominated by a single currency, according to the report which was posted on the official website of the World Bank Indonesia, Wednesday.

"Global Development Horizons 2011-Multipolarity: The New Global Economy" projects that these emerging economies will grow on average by 4.7 percent a year between 2011 and 2025.

Advanced economies, on the other hand, are forecast to grow by only 2.3 percent over the same period, but will remain prominent in the global economy.

"The projected changes in the global economy are likely to be positive for developing countries. However, a key question is whether existing multilateral norms and institutions can accommodate the passage toward multipolarity," said Mansoor Dailami, lead author of the report and manager of emerging trends at the World Bank.

"In managing global integration, strengthening policy coordination across power centers becomes critical to reducing the risks of economic instability," he said.

Editor: Jafar M Sidik