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JAKARTA (Reuters) - The World Bank said on Monday it has approved a $300 million loan for Indonesia to assist in financial sector reforms.
The loan will provide budget support for Indonesia's reform agenda by expanding financial market outreach, allowing more focus on technology, and promoting sustainable finance practice, it said in a statement.
The approval came after the Indonesian government announced that the 2020 budget deficit may widen beyond its current forecast of 2.5% of gross domestic product amid pressures from coronavirus outbreak.
By David Shepardson WASHINGTON (Reuters) - The White House is ramping up efforts to tout the $1 trillion bipartisan infrastructure bill and the effort to refurbish roads, bridges...
(Reuters) - Jackson Hole, Wyoming, is the focal point for markets in the coming week as investors zero in on the Federal Reserve's annual confab. Business activity indicators in...
FRANKFURT (Reuters) - The European Central Bank must keep raising interest rates even if a recession in Germany is increasingly likely, as inflation will stay uncomfortably high...
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