Indonesia Commits 28 billion dollars Africa Cooperation

EYEAFRICA TV: Bali, INDONESIA: The second edition of Indonesia-Africa Dialogue wraps on Wednesday at Bali in Indonesia with the host government allocation 28 billion US dollar to support infrastructural development in Africa.

The two days event was attended by 700 participants from both sides in highlight of progress of cooperation and business deals signed during the first edition in April 2018.

Panelists in prominent Indonesian, African and international policy makers as well as business people, covered issues related to infrastructure.

The IAF resulted in concrete economic cooperation in many strategic industries including financing, mining, textile, aircraft, and trade in commodities amounting to over 500 million dollars.

Experts see this forum as reinforcement of the existing relations between Indonesia and Africa dating back to the 1955 Asia-Africa Conference.

The Global Infrastructure Outlook places Africa’s investment needs on infrastructure at 6 trillion US dollar from the period 2016 to 2040.

Meanwhile, Indonesia forecasted the need at 1.7 trillion dollars for the same period.

In this line, the Indonesian Government has committed allocating its national expenditure up to 28 billion US dollar in 2019.

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