[ TRANSACTION RECORD ]

World Bank Group Investment in Sovereign of Indonesia — 2023

VERIFIED VECTOR ID: 002150 · tx-246
M SOURCE NODE — FUNDER
World Bank Group
Finance United States
$500,000,000
DEBT
26/06/2023
Q DESTINATION NODE — RECIPIENT
Sovereign of Indonesia
Government Indonesia
Amount (USD)
$500.0M
Flow Type
DEBT
Transaction Date
26/06/2023
Primary Source
View Filing ↗
Funder Profile [ M ]
Entity World Bank Group
AUM 350000
HQ Location United States
Sector Finance
Recipient Profile [ Q ]
Entity Sovereign of Indonesia
Entity Type Government
Jurisdiction Indonesia
Intelligence Note

The World Bank Group approved a 500 million dollar loan for the Government of Indonesia to accelerate its transition to renewable energy sources and grid modernization. This transaction supports the country’s goal to achieve net-zero emissions by reducing reliance on coal power. The investment is a key part of the global climate finance initiative for emerging Asian economies.

Σ
Primary Forensic Source https://www.worldbank.org/en/news/press-release/2023/06/26/world-bank-supports-indonesia-s-energy-transition/
✓ SOURCE LINKED