The International Finance Cooperation will grant US$300 million to Indonesian tourism

The International Finance Cooperation or the IFC of the World Bank Group is all geared up to further supporting the efforts of Indonesian government to speed up its tourism development programs in all the key destinations beyond Java and Bali.For the fiscal year starting from July 2019 to June 2020, the IFC has proposals to pay out US$300 million to different finance private corporations looking for engagement in Indonesia’s tourism sector. To quote IFC country manager for Indonesia, Malaysia and Timor Leste, Azam Khan, “We have about $300 million we want to invest in tourism [in Indonesia] and we already have it in our pipeline,” Khan told reporters in Jakarta recently.

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