JAKARTA Starting the official second day of the agenda in Washington DC, Minister of Finance (Menkeu) Sri Mulyani said that Indonesia had reached an agreement with the United States regarding the receipt of grants.
"I attended the signing of the Compact II Millennium Challenge Corporation (MCC), a grant program from the United States government to Indonesia worth US$649 million (equivalent to Rp9.6 trillion)," he said in a written statement on Friday, April 14.
According to him, this is the second time Indonesia has won this trust. Since 2013-2018, Indonesia has been given a commitment to grant the Compact I MCC program with a total of 600 million US dollars.
"Through this program, the United States government continues to be committed to not only taking a role in global economic recovery, but also alleviate world poverty through grants and assistance to various countries," he said.
Explained in the Compact II MCC program signed today, there are 3 main objectives that will be accelerated over the next five years:
1. Development of transportation and logistics in a number of areas such as Riau, South Sumatra, North Sulawesi, Riau Islands, and Bali.
2. Financial market development.
3. Financing Micro, Small, and Medium Enterprises (MSMEs).
"I represent the people and the Indonesian government, express my deepest gratitude and appreciation to the United States government for the trust given to us. We all certainly hope that this program will provide very broad benefits for the people of Indonesia, especially in alleviating poverty," he concluded.
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