Business & Finance
Jakarta Plans Indonesia’s First Municipal Bond Within a Year
Key Points
Jakarta Plans Indonesia’s First Municipal Bond Within a Year Jakarta aims to issue Indonesia’s first municipal bond within a year as part of efforts to diversify city revenue sources following budget cuts. The administration is in talks with the Asian Development Bank and World Bank to prepare the securities, which could be used to finance a variety of infrastructure projects in the pipeline, Jakarta Governor Pramono Anung Wibowo said in an interview with Bloomberg News on Friday.
Jakarta Plans Indonesia’s First Municipal Bond Within a Year
Jakarta aims to issue Indonesia’s first municipal bond within a year as part of efforts to diversify city revenue sources following budget cuts.
The administration is in talks with the Asian Development Bank and World Bank to prepare the securities, which could be used to finance a variety of infrastructure projects in the pipeline, Jakarta Governor Pramono Anung Wibowo said in an interview with Bloomberg News on Friday. He declined to specify a funding target.
[Image text:] Hanwha Life
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