ID :
17439
Sat, 08/30/2008 - 09:48
Auther :
Shortlink :
http://m.oananews.org//node/17439
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CLIMATE-CHANGE-RELATED US$300 M-LOAN FROM JAPAN TO BE REALIZED SOON
Jakarta, Aug 29 (ANTARA) - A Japanese government commitment to provide Indonesia with a US$300-million loan for climate-change-related programs will soon be realized after the two gvernments exchanged notes on the loan on Thursday (Aug 28), a Foreign Ministry spokesman said.
"The exchange of notes was conducted yesterday by Indonesian Foreign Minister Hassan Wirayuda and his Japanese counterpart, Masahiko Komura. Now we only have to wait for the signing of the loan agreement. The process usually does not take a long time," Foreign Ministry spokesman Teuku Faizasyah said here on Friday.
In the signing of the loan agreement, Indonesia would be represented by Indonesian Ambassador to Japan Jusuf Anwar."This will happen possibly in September," he said.
The Japanese loan would carry an interest of 0.15 percent and be repayable over a period of 15 years.
Meanwhile, Lukita Dianrsyah Tuwo, deputy for development funding to the head of the National Development Planning Board (Bappenas), said the Japanese loan was part of a program loan to cover a deficit in Indonesia's 2008 State Budget amounting to 1.5-1.8 prcent of gross domestic product (GDP).
In addition to the US$300-million loan, Japan would also give Indonesia two US$100-million loans, one as a Development Program Loan (DPL) and another for an infrastructure program.
Both programs would actually be carried out through "co-financing" schemes whereby Japan would fund the first one together with the World Bank, and the second one together with the Asian Development Bank (ADB).
Two said the Japanese government was more inclined to assist Indonesia with project loans than program loans or grants.
"Normally, program loans are not too big, around 500 million US dollars. They are more interested in giving loans to fund projects," he said.
"The exchange of notes was conducted yesterday by Indonesian Foreign Minister Hassan Wirayuda and his Japanese counterpart, Masahiko Komura. Now we only have to wait for the signing of the loan agreement. The process usually does not take a long time," Foreign Ministry spokesman Teuku Faizasyah said here on Friday.
In the signing of the loan agreement, Indonesia would be represented by Indonesian Ambassador to Japan Jusuf Anwar."This will happen possibly in September," he said.
The Japanese loan would carry an interest of 0.15 percent and be repayable over a period of 15 years.
Meanwhile, Lukita Dianrsyah Tuwo, deputy for development funding to the head of the National Development Planning Board (Bappenas), said the Japanese loan was part of a program loan to cover a deficit in Indonesia's 2008 State Budget amounting to 1.5-1.8 prcent of gross domestic product (GDP).
In addition to the US$300-million loan, Japan would also give Indonesia two US$100-million loans, one as a Development Program Loan (DPL) and another for an infrastructure program.
Both programs would actually be carried out through "co-financing" schemes whereby Japan would fund the first one together with the World Bank, and the second one together with the Asian Development Bank (ADB).
Two said the Japanese government was more inclined to assist Indonesia with project loans than program loans or grants.
"Normally, program loans are not too big, around 500 million US dollars. They are more interested in giving loans to fund projects," he said.
