iip albanjary

Approved financing package worth US$ 225 million has been setup to assist Indonesia to meet its growing electricity demand. This financing also provided to make electricity supplies in Java and south-central Sumatra more rialiable. It is expected that the projets will benefit over 56 million people in Java and Sumatra as well as supporting economic growth over the medium to long term.

According to Chris Hoban, Acting Country Director for the World Bank in Indonesia, “A reliable and sustainable supply of electricity is essential for Indonesia to realize its potential as a large middle-income economic power. At present however, Indonesia’s economy is growing at a pace that  exceeds its ability to provide electricity. To keep up with demand, electrification rates would need to grow at a rate of around seven percent per year.”

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Less population living in a country with high income, some of them are endowed by rich natural resources. Here top list of richest countries on earth. Norway, one of the richest countries also awarded by the Top greenest country.

Here the lists of richest countries:

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The World Bank released a report on the current global crisis. It highlights the situation on East Asia and Pacific.

As I noted in previous my post, both developed and developing countries are trying to deal with the crisis. Even the 20 countries of world biggest economic power have meet in London Summit to develop new collaboration steps for halting the recession.

At the same time, some organizations were proposing green stimulus packages. Within the stimulus plan, the issues of employment generation in green sectors are addressed. Hopefully more countries adopted the proposal as well.

Back to current global crisis, below some facts of differences with financial crisis occurred in 1997-1998:

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