Lenders Pour Money Into Indonesia

Some USD5.5 billion in standby loans from foreign lenders will be made available to Indonesia,

reported. “The loan facilities is an important precautionary step, which we have designed to maintain the confidence of investors in overseas and domestic markets,” Finance Minister Sri Mulyani said. The World Bank will release USD2 billion while Japan pledged USD1.5 billion for the Southeast Asian nation. The remainder of the sum will be provided by the Australian government and Asian Development Bank.

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.