VIVAnews - Finance Minister Sri Mulyani Indrawati stated that Indonesia is the sixth biggest stock holder in the Asian Development Bank (ADB) yet the major debtor in ADB.
There are 67 members of ADB according to Sri Mulyani. ADB is the the second largest financial institution following the World Bank. ADB's total asset is US$70.5 billion and total loan reaches US$30.3 billion.
The minister said that the largest stock holders are Japan and the US, each with 15.57%. It is followed by China as the third biggest with 6.4%. India is the fourth with 6.3%. Fifth is Australia with 5.7% and Indonesia comes next in the sixth place with 5.4%
Indonesia also takes advantages from being one of the major stock holders in ADB. The country may receive loan from ADB having easier conditions and lower interest rate compared to market interest.
Sri Mulyani mentioned that Indonesia is the biggest debtor along with China and India. Indonesia has US$9.4 billion of loan to ADB, followed by China with US$7.4 billion and India with almost US$5 billion.
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Translated by: Ariyantri E. Tarman
