World Bank provides $1 billion standby facility for Indonesia disaster relief

FILE PHOTO: Rescue workers pull a body from the rubble of a destroyed mosque at Balaroa neighborhood hit by the earthquake and liquefaction in Palu, Central Sulawesi, Indonesia, October 9, 2018. REUTERS/Jorge Silva

NUSA DUA, Indonesia (Reuters) – The World Bank on Sunday said it would provide a standby loan of up to $1 billion for the Indonesian government for relief and reconstruction efforts in the country‚Äôs two islands that were hit by earthquakes and a tsunami. The multilateral lender said the fund will also give a $5 […]

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