The Asian Development Bank (ADB) will help Indonesia carry out critical reforms needed to develop the country's infrastructure and drive economic growth, an ADB report said on Thursday.

The Infrastructure Reform Sector Development Program (IRSDP) will offer more than 428 million U.S. dollars in loans and grants to the Government of Indonesia to help improve the country's investment climate and tap the power of the private sector in meeting Indonesia's huge infrastructure needs, said the report.

"Indonesia has the potential for dynamic economic growth in the years ahead," said Rajat M. Nag, Director General of ADB's Southeast Asia Department.

"The development of infrastructure is vital to the growth Indonesia needs to create jobs and bring people out of poverty. Ensuring adequate quantity and quality of infrastructure services is critical for restoring Indonesia's competitiveness," said Nag.

The ADB program will assist Indonesia in improving the policies, laws and institutions that are needed to attract large scale private sector infrastructure investments. It will also help streamline the infrastructure responsibilities of the national and local governments.

Source: Xinhua