According to AIIB website, the project aims to prevent, detect and respond to the threat posed by COVID-19 and to strengthen national systems for public health preparedness in Indonesia.
The proposed program to be supported under the COVID-19 Crisis Recovery Facility (the Facility) is being co-financed with the World Bank (WB) and has been designed in accordance with the WB's Policy on Program for Results (PforR). The adoption of PforR design will facilitate a rapid response to the current health emergency.
Senior Investment Operations Specialist, AIIB
Senior Health Specialist, World Bank
Scenaider C.H. Siahaan
Director of Loans and Grants, Ministry of Finance
Bayu Teja Muliawan
Head of Bureau of Planning and Budgeting
ACCOUNTABILITY MECHANISM OF AIIB
In addition, the AIIB has a Bank Oversight Mechanism. According to AIIB's policies, "people who believe they have been or are likely to be adversely affected by a failure of the Bank to implement the ESP may also submit complaints to the Bank's oversight mechanism in accordance with the policies and procedures to be established by the Bank for such mechanism." However, at the time of writing, it is unclear what the exact scope and function of this Oversight Mechanism will be.