| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 750.00 |
Indonesia Fiscal Reform Development Policy Loan
Abstract*
The development objectives of the Fiscal Reform Development Policy Loan in Indonesia are to: increase tax revenue and improve equity of the tax system; and to strengthen institutions for planning and budgeting, and fiscal transfers. The operation helps address some key revenue and expenditure challenges. Pillar 1 supports increasing value-added tax revenue through increasing the rate and rationalizing exemptions, increasing personal income tax revenue... Show More
Development Objective
The objectives of this operation are to increase tax revenue and improve equity of the tax system, and to strengthen institutions for planning and budgeting, and fiscal transfers.
Key Details
Project Details
P177726
Closed
Rong Qian , Arun Arya, Jaffar Al Rikabi
Ministry of Finance
December 21, 2021
(as of board presentation)
June 17, 2022
December 5, 2022
US$ 0.00 million
Ministry of Finance,Ministry of National Development Planning (Bappenas )
2022
US$ 750.00 million
N/A
N/A
June 30, 2023
BANK APPROVED
June 20, 2024
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 750.00 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 750.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | N/A |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| May 15, 2024 | IBRD-93840 | Int Charges | 17,560,320.00 |
| Nov 15, 2023 | IBRD-93840 | Int Charges | 16,046,363.00 |
| Dec 16, 2022 | IBRD-93840 | Fee Charges | 1,887,535.40 |
| Dec 21, 2022 | IBRD-93840 | Loan Disb | 752,919,940.00 |
| May 15, 2023 | IBRD-93840 | Int Charges | 8,616,907.00 |
| Jun 17, 2022 | IBRD-93840 | Loan Commitment | 750,000,000.00 |
Ratings
IMPLEMENTATION RATINGS
No data available.
COMPLETION RATINGS
| INDICATOR | IMPLEMENTATION COMPLETION & RESULTS REPORT: 06-19-2024 |
|---|---|
| Outcomes | Moderately Satisfactory |
| Risk to Development Outcome | |
| Bank Performance | Substantial |
| Borrower Performance | |
| Government Performance | |
| Implementing Agency |
INDEPENDENT EVALUATION RATINGS
| INDICATOR | ICR REVIEW: 10-03-2024 | PROJECT PERFORMANCE ASSESSMENT REPORT: |
|---|---|---|
| Outcome Rating | Moderately Satisfactory | N/a |
| Risk To Development Outcome | N/a | |
| Bank Performance | Satisfactory | N/a |
| Borrower Performance | N/a | |
| Government Performance | N/a | |
| Implementing Agency | N/a | |
| Icr Quality | Substantial | N/a |
| M&e Quality | N/a |
Results Framework
No data available.