Published on : Friday, June 14, 2019
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.
“We cannot disclose the names of the companies [who will receive the financing] yet, but they mostly develop tourist businesses in Indonesia.”
Tags: indonesian tourism