ID :
53569
Fri, 04/03/2009 - 07:41
Auther :
Shortlink :
https://www.oananews.org//node/53569
The shortlink copeid
JAPAN TO EXTEND US14.5 BILLION IN FINANCIAL AID TO RI
London, April 1 (ANTARA) - Japan has agreed to extend US$14.5 billion in financial assistance to Indonesia to help the latter deal with the impact of the global financial crisis.
Japan made the commitment at a meeting between Indonesian president Susilo Bambang Yudhoyono and Japanese Prime Minister Taro Aso at the Hotel Intercontinental here on Wednesday.
Indonesian Finance Minister Sri Mulyani said at a press conference after the meeting, US$12 billion of the assistance would be extended in the form of a bilateral swap facility in the framework of the Chiang Mai Initiative, US$1.5 billion in the form of Samurai bonds, US$500 million in regular loans for 2009, and US$500 million in financing facilities.
Regarding trade financing, the minister said it would be done by the Japan Bank of International Cooperation in partnership with Bank Ekspor Indonesia.
Besides the US$14.5 billion assistance Japan would also extend another US$2.4 billion to finance various projects, she said.
"The Japanese government has given much support to Indonesia to reduce the impact of the crisis," she said.
She said one of the new initiatives taken by Japan to help reduce the impact of the global financial crisis was adding US$25 billion to its budget for Overseas Development Assistance for all Asian countries.
"The funds are the Japanese committment to the world in the framework of G20 to curb the negative impact of the crisis particularly on developing countries in Asia," she said.
She said the funds were for the 2009-2010 fiscal year.
During the meeting President Yudhoyono and Prime Minister Aso also discussed Japan's wish to maintain its cooperation in the field of energy with Indonesia.
She said Japan had also asked for Indonesia's support in connection with North Korea's nuclear plan and the settlement of the Afghanistan problem.
Japan made the commitment at a meeting between Indonesian president Susilo Bambang Yudhoyono and Japanese Prime Minister Taro Aso at the Hotel Intercontinental here on Wednesday.
Indonesian Finance Minister Sri Mulyani said at a press conference after the meeting, US$12 billion of the assistance would be extended in the form of a bilateral swap facility in the framework of the Chiang Mai Initiative, US$1.5 billion in the form of Samurai bonds, US$500 million in regular loans for 2009, and US$500 million in financing facilities.
Regarding trade financing, the minister said it would be done by the Japan Bank of International Cooperation in partnership with Bank Ekspor Indonesia.
Besides the US$14.5 billion assistance Japan would also extend another US$2.4 billion to finance various projects, she said.
"The Japanese government has given much support to Indonesia to reduce the impact of the crisis," she said.
She said one of the new initiatives taken by Japan to help reduce the impact of the global financial crisis was adding US$25 billion to its budget for Overseas Development Assistance for all Asian countries.
"The funds are the Japanese committment to the world in the framework of G20 to curb the negative impact of the crisis particularly on developing countries in Asia," she said.
She said the funds were for the 2009-2010 fiscal year.
During the meeting President Yudhoyono and Prime Minister Aso also discussed Japan's wish to maintain its cooperation in the field of energy with Indonesia.
She said Japan had also asked for Indonesia's support in connection with North Korea's nuclear plan and the settlement of the Afghanistan problem.
