English assignment English assignment

Compiled By : BQ. Dita Mustika RaniCompiled By : BQ. Dita Mustika Rani

Indonesia development Indonesia development

’ The World Bank s Board of Executive ’ The World Bank s Board of Executive Directors today endorsed a new Country Directors today endorsed a new Country

( ) Partnership Strategy CPS for Indonesia ( ) Partnership Strategy CPS for Indonesia which will see the World Bank Group which will see the World Bank Group

’ , supporting Indonesia s development priorities ’ , supporting Indonesia s development priorities with emphasis on strengthening national with emphasis on strengthening national

. institutions The CPS governs the World Bank. institutions The CPS governs the World Bank’ Group s programs in Indonesia over the’ Group s programs in Indonesia over the 2009-2012.period of 2009-2012.period of

The strategy notes that ten years after the The strategy notes that ten years after the , Asian Financial Crisis Indonesia has emerged , Asian Financial Crisis Indonesia has emerged

- as a confident middle income country on the - as a confident middle income country on the - back of a far reaching reform program and - back of a far reaching reform program and

. ’ prudent fiscal management Indonesia s . ’ prudent fiscal management Indonesia s macroeconomic fundamentals continues to be macroeconomic fundamentals continues to be

strong and the country is weathering the strong and the country is weathering the . global economic slowdown well But going . global economic slowdown well But going, forward the strategy also highlights the need, forward the strategy also highlights the need

to make institutions more effective in to make institutions more effective in .delivering development results .delivering development results

’Indonesia s’Indonesia s main challenge today is the main challenge today is the . need for more effective institutions This . need for more effective institutions This

strategy aims to help the government strategy aims to help the government improve its existing programs and improve its existing programs and

,strengthen the institutions involved ,strengthen the institutions involved ” ” said said , Joachim von Amsberg , Joachim von Amsberg

Indonesia Country Director for the Indonesia Country Director for the World Bank World Bank . .

““ , When institutions are strengthened the , When institutions are strengthened the people win because budgets are then people win because budgets are then

translated into more effective translated into more effective : , development outcomes better schools : , development outcomes better schools

, better health clinics and better , better health clinics and better .livelihoods for the people .livelihoods for the people ””

Over the course of four years, the World Bank Over the course of four years, the World Bank Group will provide around US$ 2 billion a Group will provide around US$ 2 billion a year to build the capacity of central and sub-year to build the capacity of central and sub-national institutions related to environmental national institutions related to environmental sustainability and disaster mitigation, sustainability and disaster mitigation, education, poverty reduction, community education, poverty reduction, community development and social protection, development and social protection, infrastructure, and private sector development.infrastructure, and private sector development.

““ , With this new flexible approach the World , With this new flexible approach the World Bank Group wants to support success stories Bank Group wants to support success stories

of replicable institutional reforms of replicable institutional reforms,” said,” said Jim JimAdamsAdams , , ’ the World Bank s Vice ’ the World Bank s Vice

. President for East Asia and Pacif ic . President for East Asia and Pacif ic““ ’ The Bank s approach will focus on the next ’ The Bank s approach will focus on the next

generation of reforms needed to improve generation of reforms needed to improve’ Indonesia s competitiveness and integration’ Indonesia s competitiveness and integration

into the world economy while also attending into the world economy while also attending , to growing needs for good governance , to growing needs for good governance

, modernized social protection systems better , modernized social protection systems better environmental management and improved environmental management and improved

infrastructureinfrastructure.”.”

The CPS includes a growing role for the International The CPS includes a growing role for the International ( ), Finance Corporation IFC which expects new ( ), Finance Corporation IFC which expects new

$300 . investments to exceed million per year $300 . investments to exceed million per year " The" The private sector has an important role to play in private sector has an important role to play in

’ addressing a number of Indonesia s development ’ addressing a number of Indonesia s development,”challenges,”challenges said said , Adam Sack Indonesia Country , Adam Sack Indonesia Country .Manager for IFC .Manager for IFC “ “ Over the course of the CPS Over the course of the CPS

, period IFC will invest long term capital and provide, period IFC will invest long term capital and provide , advice to increase access to financial services , advice to increase access to financial services -improve infrastructure and strengthen commodity -improve infrastructure and strengthen commodity

. based supply chains Working both at national and . based supply chains Working both at national and- , sub national levels IFC will also support Government- , sub national levels IFC will also support Government

."initiatives to improve the business environment ."initiatives to improve the business environment

The emphasis of the financing and The emphasis of the financing and knowledge program will continue to shift knowledge program will continue to shift

towards directly supporting successful or towards directly supporting successful or promising priority programs of the promising priority programs of the. government The new CPS builds on the. government The new CPS builds on the governance focus of the Country Assistance governance focus of the Country Assistance

( ) 2004-2008. Strategy CAS for The World ( ) 2004-2008. Strategy CAS for The World “ ” Bank Group will apply the institutional lens “ ” Bank Group will apply the institutional lens

– , all investments together with advisory and– , all investments together with advisory and analytical services will be concentrated on analytical services will be concentrated on

, , the institutions sectors systems and , , the institutions sectors systems and programs where this approach is most likely programs where this approach is most likely

.to succeed .to succeed