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The World Bank also administers several programs to combat Indonesia's financial issues. One of these is the Generasi program, which provides incentivized block grants to communities. Generasi is present in 5,488 villages across 11 provinces , with as many as 5 million recipients.
The World Bank was created at the 1944 Bretton Woods Conference, along with the International Monetary Fund (IMF). The president of the World Bank is traditionally an American. [12] The World Bank and the IMF are both based in Washington, D.C., and work closely with each other.
The World Bank Institute is the capacity development branch of the World Bank, providing learning and other capacity-building programs to member countries. The IBRD has 189 member governments, and the other institutions have between 153 and 184. [2] The institutions of the World Bank Group are all run by a board of governors meeting once a year ...
Indonesia’s president on Wednesday urged a continuation of his educational reforms to turn Southeast Asia’s largest economy into one of the world’s biggest by its hundredth anniversary in 2045.
During the 1990s and until 2007, the Indonesia and the World Bank arranged regular meetings of official donors to Indonesia to discuss policies and the annual levels of foreign aid. After the 1997-98 Asian financial crisis , for example, in 1998 the World Bank urged donors to provide appropriate amounts of financial support to promote economic ...
[1] [2] [3] However, Sri Mulyani was widely criticized for supporting a bailout of Bank Century in 2008, which cost the government 6.7 trillion rupiahs. Although she believed it was the right decision, she resigned in 2010 and took a position at the World Bank as Managing Director, before returning as finance minister in 2016.
The World Bank Group is the globe's most prestigious development lender, bankrolling hundreds of government projects each year in pursuit of its high-minded mission: to combat the scourge of poverty by backing new transit systems, power plants, dams and other projects it believes will help boost the fortunes of poor people.
A Financial Sector Policy Committee (FSPC/Komite Kebijakan Sektor Keuangan) was formed on 21 August 1998 whose members included the main economic ministers of Indonesia, and the Independent Review Committee (IRC), which includes representatives from International Monetary Funds (IMF), the World Bank and Asian Development Bank (ADB).