ID :
35944
Tue, 12/16/2008 - 17:20
Auther :
Shortlink :
https://www.oananews.org//node/35944
The shortlink copeid
HOUSE PASSES BILL ON INDONESIAN EXPORT FINANCING AGENCY
Jakarta, Dec 16 (ANTARA) - The House of Representatives (DPR) in a plenary session on Tuesday passed into law a bill on the Indonesian Financing Agency (LPEI).
The decision to pass the bill into law was reached after the 10 factions in the DPR and the government, represented by Finance Minister Sri Mulyani, put forward their final views on the bill during the plenary which was led by DPR Deputy Speaker Muhaimin Iskandar.
Giving the government's final view, Mulyani said Indonesia could not yet utilize its natural resources because of the absence of an integrated policy on development of these potentials.
She said Indonesia had comparative advantages in a number of exportable natural resource-based commodities such as forestry, mining, agricultural and marine products.
But all of these potentials could not yet be utilized optimally due to shortage in medium- and long-term financing facilities, she said.
LPEI was expected to help facilitate efforts to restore the national economy by supporting the government's export policies and programs.
The agency was also intended to provide financing facilities in areas not yet covered by banks or other commercial financial institutions.
"LPEI is also expected to provide optimal contributions to national economic development and support the country's exports," she said.
The decision to pass the bill into law was reached after the 10 factions in the DPR and the government, represented by Finance Minister Sri Mulyani, put forward their final views on the bill during the plenary which was led by DPR Deputy Speaker Muhaimin Iskandar.
Giving the government's final view, Mulyani said Indonesia could not yet utilize its natural resources because of the absence of an integrated policy on development of these potentials.
She said Indonesia had comparative advantages in a number of exportable natural resource-based commodities such as forestry, mining, agricultural and marine products.
But all of these potentials could not yet be utilized optimally due to shortage in medium- and long-term financing facilities, she said.
LPEI was expected to help facilitate efforts to restore the national economy by supporting the government's export policies and programs.
The agency was also intended to provide financing facilities in areas not yet covered by banks or other commercial financial institutions.
"LPEI is also expected to provide optimal contributions to national economic development and support the country's exports," she said.
