Denmark to finance local fish breeding project<\/p>\n
JAKARTA (JP): The Danish government has agreed to provide
\nIndonesia with a US$2.7 million soft loan to finance a fish
\nbreeding project in Gondol, Bali.<\/p>\n
The agreement was signed in Jakarta on Friday by Danish
\nAmbassador to Indonesia Michael Sternberg and Director General of
\nState Budget at the Ministry of Finance A. Anshari Ritonga.<\/p>\n
Under the agreement the Danish government will also reschedule
\nits debt owed by Indonesia in compliance with the memorandum of
\nunderstanding on debt rescheduling signed in Paris between
\nIndonesia and member states of the Paris Club in September last
\nyear.<\/p>\n
Outstanding Danish government loans and commercial credits to
\nIndonesia total approximately 150 million Danish krone, the
\nembassy said.<\/p>\n
The Danish government agreed to reschedule all repayments of
\nthe principal until March 31, 2002 from the original due date of
\nApril 1, 2000, worth about 20 million Danish krone, as well as
\ncommercial credits for US$20 million and 12.6 million Deutsche-
\nmarks, the embassy said in a statement.<\/p>\n
"These arrangements are a very clear indication of Denmark's
\ncontinued strong support of Indonesia's young democracy and the
\npolitical and economic reforms that are underway," Sternberg said
\nin the statement.<\/p>\n
Sternberg said that the $2.7 million in financial assistance
\nwas the first soft loan provided by the Danish government to
\nIndonesia.<\/p>\n
He said that the loan has a grant element of 50 percent.<\/p>\n
The project is an intensive, high-technology plant for
\nbreeding high value marine fish species, which would be run by
\nthe Central Research Institute for Sea Exploration and Fisheries
\n(CRISEF) under the Ministry of Maritime Affairs and Fisheries.<\/p>\n
"Even though it is a relatively small project ... with a grant
\nelement of around 50 percent it is expected to have a very
\nsignificant impact on the future of Indonesian aquaculture and
\nthe preservation of coral reefs," Sternberg explained. (tnt)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/denmark-to-finance-local-fish-breeding-project-1447893297",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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