UPDATE 1. Indonesia Receives $ 1.3 Billion Loan From World Bank To Fight COVID And Reform

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(Forecasts with a new loan)

JAKARTA, June 18. (Reuters). The World Bank approved two loans to Indonesia this week, totaling $ 1.3 billion, to support the COVID-19 response and economic policy reforms, according to lender and government statements.

A $ 500 million loan was approved Thursday to fund a free vaccination campaign in Indonesia and the expansion of COVID-19 care and testing centers, the international lender said in a statement Friday.

$ 800 million was approved earlier this week. On Friday, the government said it will use the proceeds to open up more sectors for private investment, especially in renewables, improve access to basic food and facilitate access to the manufacturing sector.

Indonesia is grappling with a spike in COVID-19 cases in the weeks following the Eid al-Fitr holiday, during which many traveled to their hometowns to celebrate.

On Thursday, the country reported the largest daily increase in infections since January 30, at 12,624 cases.

Its total number of patients is 1.95 million and the number of deaths exceeds 53,750, the highest in Southeast Asia.

This year, the World Bank provided at least $ 2.2 billion in loans to Indonesia, including programs to deepen its financial markets and respond to national disasters. (Reporting by Tabitha Diel; editing by Gayatri Suroyo and Ed Davis)

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