Indonesia: Emergency Response to COVID-19 Program - Additional Financing (AIIB-000484)

Countries
  • Indonesia
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Infrastructure Investment Bank (AIIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
Government of Indonesia
The holder of the loan, grant, or other investment.
Sectors
  • Education and Health
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 500.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 500.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ AIIB website

Updated in EWS May 11, 2021

Disclosed by Bank May 5, 2021


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Project Description

According to AIIB website, the project aims to prevent, detect and respond to the threat posed by COVID-19 and strengthen national systems for public health preparedness in Indonesia (this is the same as the parent program). It  seeks to support the costs of expanding activities of the Emergency Response to COVID-19 Program (parent program), under the COVID-19 Crisis Recovery Facility, as well as enable safe and effective deployment of COVID-19 vaccines. Following the parent program, the additional financing is to be co-financed with the World Bank (WB) and designed in accordance with the WB’s Policy on Program for Results (PforR). 

Investment Description
  • Asian Infrastructure Investment Bank (AIIB)
Contact Information

Asian Infrastructure Investment Bank

Toshiaki Keicho, Principal Investment Operations Specialist

toshiaki.keicho@aiib.org

World Bank

Somil Nagpal, Senior Health Specialist

snagpal@worldbank.org

Borrower: 

Scenaider C.H. Siahaan, Director of Loans and Grants, Ministry of Finance

direktoratph@kemenkeu.go.id

Implementing Agency: 

Bayu Teja Muliawan, Head of Bureau of Planning and Budgeting

rorendepkes@gmail.com

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.aiib.org/en/contact/information-request/index.html

ACCOUNTABILITY MECHANISM OF AIIB

The AIIB has established the Accountability Mechanism for Project-Affected People (PPM). The PPM provides Òan opportunity for an independent and impartial review of submissions from Project-affected people who believe they have been or are likely to be adversely affected by AIIBÕs failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.Ó Two or more project-affected people can file a complaint. Under the current AIIB policy, when the bank co-finances a project with another development bank, it may apply the other bank's standards. You can refer to the Project Summary Information document to find out which standards apply. You can learn more about the PPM and how to file a complaint at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/how-we-assist-you/index.html

The complaint submission form can be accessed in Arabic, Bahasa Indonesia, Bengali, Chinese, English, Tagalog, Hindi, Nepali, Russian, Turkish, or Urdu. The submission form can be found at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/submission/index.html