ADB approves US$500m loan to modernise Indonesia's tax system
The loan marks the first of three subprogrammes under the ADB's Domestic Resource Mobilisation Programme for Indonesia, the Manila-based bank said in a press release.
'This programme marks a pivotal moment in supporting Indonesia's fiscal sustainability agenda,' said ADB Country Director for Indonesia Jiro Tominaga.
'By modernising tax administration through digitalisation and strengthening international tax cooperation, Indonesia will be better positioned to finance its development priorities while maintaining macroeconomic stability,' said Tominaga. — Bernama-Xinhua
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