Monday, 29 November 2021 02:19 GMT

World Bank to assist Indonesia with USD1 billion


(MENAFN) On Sunday, the World Bank proclaimed giving to Indonesia USD1 billion, after it was rocked by a series of current catastrophes, containing a fatal earthquake-tsunami that murdered thousands.

CEO Kristalina Georgieva, revealed the funds at Indonesian holiday island of Bali, where the Bank and the International Monetary Fund have been holding their yearly conferences.

A 7.5-magnitude quake and a resulting tsunami tore through Palu city on Sulawesi Island on September 28, murder over 2,000 people and leaving thousands others missing, supposed dead.

Rescue teams scoured the wreckage for a fortnight before calling off the search for the dead, recognizing as many as 5,000 missing people might never be found.

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