| Project Detail |
The program development objective of this programmatic operation is to support financial sector reforms that will assist the Governm ent of Indonesia (GoI) in achieving a deep, efficient and resilient financial sector. The proposed operation is the third in a serie s of three programmatic operations. This programmatic DPL series is structured around the following three pillars and set of object ives: • Pillar A: Increasing the Depth of the Financial Sector. Pillar objectives: to expand the size of the financial sector by inc reasing outreach (including to women), broadening financial market products and mobilizing long-term savings. • Pillar B: Improving the Efficiency of the Financial Sector. Pillar objectives: to lower the cost of financing for individuals and enterprises by strengt hening the insolvency and creditor rights framework, protecting consumers, strengthening payment systems and competition. • Pillar C : Strengthening the Resilience of the Financial Sector. Pillar objectives: to strengthen the capacity of the sector to withstand fin ancial and non-financial shocks by strengthening the resolution framework, implementing sustainable finance practices, establishing disaster risk finance mechanisms and advancing the effectiveness of financial sector oversight. Project ID P173233 Status Active Team Leader Francesco Strobbe,Ou Nie Borrower 2 Republic of Indonesia Country Indonesia Approval Date (as of board presentation) March 28, 2023 Total Project Cost 1 US$ 0.00 million Implementing Agency Fiscal Policy Agency, Ministry of Finance Region East Asia and Pacific Fiscal Year 3 2023 Commitment Amount US$ 1000.00 million Environmental Category N/A Last Update Date February 27, 2023 Closing Date N/A Last Stage Reached Begin Negotiation Associated Projects P173232 |
