Indonesia - Seventh Development Policy Loan Project : summary of discussion

57982 Republic of Indonesia: Seventh Development Policy Loan (DPL 7) SUMMARY OF DISCUSSION* Meeting of Board of Executive Directors of IBRD November 18, 2010 The Executive Directors approved the Seventh Development Policy Loan in the amount of US$ 600 million equivalent to the Republic of Indonesia on the payment terms and conditions set out in the President's Memorandum (R2010-0257). Directors broadly supported the operation which is expected to help the Government improve the investment climate, strengthen public financial management and enhance poverty alleviation and service delivery. Some Directors welcomed the stronger focus of the program on reforms to Indonesia's poverty alleviation programs and urged attention to gender. Directors noted that the operation is consistent with the current Indonesia Country Partnership Strategy, and the new Government's development priorities. Directors also noted that the Government's ownership and commitment to the DPL program will need to be maintained through continuous policy dialogue. Executive Directors also welcomed the collaboration between the World Bank and other donors. ________________________________________________________________________ *This summary is not an approved record.