Four development projects receive 37 million euros in funding

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TEMPO.CO, Jakarta – Indonesia and Germany have signed a cooperation agreement under which four development projects will receive funding of 37 million euros in areas of effective governance, technical and vocational education and training and environmental protection and biodiversity.

Luky Alfirman, Director General of Finance and Risk Management of the Indonesian Ministry of Finance and German Ambassador to Indonesia Peter Schoof They were present during the signing ceremony held Wednesday at the office of the Ministry of Finance in Jakarta.

The German Federal Ministry for Economic Cooperation and Development (BMZ) will fund the 37 million euros of grants for the four development projects in Indonesia.

"Indonesia, as one of Germany's global development partners, is a key player in addressing global development issues. Germany supports Indonesia's determination to implement Agenda 2030 and its commitment to mitigating the impacts of climate change, "Schoof noted in a statement from the Embassy in Jakarta on Wednesday.

By striving to promote good governance in Indonesia, both nations are collaborating in a joint project known as "Mobilization of internal resources for sustainable development" which prioritises fiscal and fiscal policy for financing social infrastructure and programs.

Meanwhile, the cooperation project on "TVET system reform" will support the Indonesian vocational education reform aimed at assessing the competitiveness of the workforce in the future and seeing that their capabilities are in tune with the demands of the labor market imparting high quality education and training.

To address the problems related to the environment and climate change, Indonesia and Germany have collaborated on a project on "Restructuring and management of peat bogs" which involved the provincial government of northern Kalimantan to ensure the sustainable management of the ecosystem peat bogs in the Kayan Sembakung Delta, getting private sector representatives, villages and civil societies involved in this effort.

The funding will further help fund the joint collaborative project "Sustainable Agricultural Chains in Indonesia" to recognize alternative sources of income for timber and palm oil for smallholders that are both nationally and internationally profitable and that can prevent further deforestation in Indonesia .

Germany's contributions to the four projects will be implemented by the National Development Planning Agency (BAPPENAS) and its related
Indonesian ministries and sub-national institutions, supported by GIZ, a large German development agency.

General manager of finance and risk management Luky Alfirman noted that today's agreement reflected the close and deep relations between the two nations.

"We have a long history of cooperation and are eager to take our successful cooperation to the next level in terms of finding sustainable solutions to the core and global development issues of Indonesia," he noted.

ANTARA

. (TagsToTranslate) Development

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