Indonesia

Indonesia: IFC provide $200,000 grant to Sampoerna for education in Aceh

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Jakarta, Indonesia-Relief -- The International Finance Corporation announced the award of a grant to support recovery of the education sector in Aceh. IFC will provide a $200,000 grant to the Sampoerna Foundation, NGO established by Indonesian cigarette giant PT HM Sampoerna Tbk.

The private sector arm of the World Bank Group selects Sampoerna Foundation as recognition of its long-term dedication to the development of education in Indonesia. More recently, it has successfully established and managed emergency school tents in Aceh. These continue to operate, demonstrating the foundation's ability to fulfill its commitments in varied and often difficult circumstances.

The grant is provided as an expression of concern by IFC member countries about the impact of the recent natural disaster. It is intended to contribute to recovery in Aceh.

''A solid foundation in education helps young people achieve their potential. The children of Aceh must get back to their studies in proper schools as soon as possible,'' said IFC Country Manager German Vegarra.

''IFC has selected the Sampoerna Foundation because of its high level of professionalism and commitment to accountability. It has a track record of improving conditions in education in Aceh that we want to support.''

Elan Merdy, Chief Operating Officer for the Sampoerna Foundation said, ''This grant demonstrates the confidence of international organizations in local institutions. We will live up to this confidence by implementing a beneficial, high-quality program. We will ensure transparency in administering the grant so that the people of Indonesia can see how the funds are being used.'' © nas