Jakarta, June 18 -- Indonesia has secured US$17 billion in funding from the Asian Infrastructure Investment Bank (AIIB) to support national development projects during the 2025-2029 period.

The funding commitment was one of the main outcomes of a bilateral meeting between Indonesian Finance Minister Purbaya Yudhi Sadewa and AIIB leaders in Beijing, China, on Wednesday.

"It is a very significant contribution to the financing of development projects in Indonesia," Purbaya said in a statement issued on Thursday.

The financing forms part of the Multi-Year Rolling Pipeline framework agreed upon with AIIB.

Apart from the financing commitment, AIIB also expressed interest in expanding its presence in Indonesia.

The multilateral lender is co...