Asian Development Bank (ADB) yesterday raised the projected economic growth in 2010 in 14 countries in East Asia. ADB also called on the government to immediately withdraw funds stimulus to work after its launch two years ago. Revised by the institutions in Manila-based lender that covers Southeast Asia, Greater China, and South Korea, where economic growth is estimated to be 8.1 percent, up from an April projection of 7.7%. growth projections following the improvement in growth data from various economic indicators. Most countries in East Asia has recovered and the new economy this year," says Srinivasa Madhur, ADB Senior Director in his presentation in Singapore, yesterday. He said the sustainability of economic recovery will depend on policy and economic stimulus speed can be drawn. He suggested the withdrawal of the stimulus followed by a private role. In a recent ADB report noted, China's economic growth reached 9.6 percent in 2010 and 9.1 percent in 2011. Other countries surveyed by the ADB are Brunei, Cambodia, Hong Kong, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam.
In another part, ADB provide a loan amounting to USD35 million to the Indonesian Government to help rehabilitate and develop sanitation in Indonesia, namely the two cities of Medan and Jogjakarta. The loan is planned to be used to build about 280 communal sanitation facilities in poor areas in the two cities. In addition, the loan will also be used to make waste treatment system for low-cost housing development project in Medan. Sewerage systems in both cities will be able to be rehabilitated and expanded to serve an additional 28 000 households. The project will involve the support of the community in planning, operation and maintenance of public facilities and would involve the women involved in this process
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