IFC Pours Record $438M Into Indonesian Development

Law360, New York (September 12, 2013, 3:43 PM EDT) -- International Finance Corporation, a World Bank offshoot, said Thursday that it substantially stepped up its private-sector investments in Indonesia to a record $438 million in the 2013 fiscal year, which ended June 30, even as other investors continue to scale down funding in the slow-growing country.

The funding infusion is a substantial increase over the roughly $300 million that the IFC poured into Indonesia during the previous fiscal year. IFC's investments in Indonesian companies, in particular, have spiked by about 50 percent and have been aimed...
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