ADB helps funding Indonesian projects

Xinhua, JAKARTA

Aug 11: The Asian Development Bank (ADB) is providing Multi-tranche Financing Facility (MFF) to the Indonesian government this year to help funding infrastructure projects on medium-long scale. "The instrument of MFF will be handed to Indonesian government after the submission of the proposal on funding four infrastructure projects this year," the Indonesian Business daily on Monday quoted Christopher I Morris, project officer of ADB, as saying. MFF is an ADB instrument of funding withdrawal in installment, adjusting the debtor's necessity which is a bit similar with credit card system.