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A woman living near Ciliwung river washes her laundry at a Jakarta slum area

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A woman living near Ciliwung river washes her laundry at a Jakarta slum area, April 20, 2012. Jakarta aims to issue Indonesia's first ever municipal bonds this year to take advantage of the country's new investment grade status to fund infrastructure, a Finance Ministry official said on Friday. The planned first issue would be small at 1.7 trillion rupiah ($185 million), but if successful it could pave the way for other regional and local governments to raise money from international and domestic investors to overhaul the dilapidated roads, ports and airports that are obstacles to long-term growth in Southeast Asia's largest economy.

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