The high-level agreement outlines the advisory services that IFC may provide to the West Java Government. They include preparing strategic infrastructure projects for private sector funding, implementing funding schemes for infrastructure projects and strengthening the corporate governance practices of regionally-owned enterprises in West Java. The Government has already highlighted transport, water and waste management and sustainable infrastructure such as green buildings as priorities.
“We are determined to improve economic inclusion and development in West Java through collaboration between government, regional owned enterprises and private-sector. Working with an organization like IFC, which has the financial and managerial experience and shares our aspirations, will ultimately improve West Java’s competitiveness in the national and international level,” said Ridwan Kamil, Governor of West Java. (JS)
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