France's AFD enters Indonesia<\/p>\n
JAKARTA: France has brought its development agency to Indonesia,
\nin particular to support the reconstruction of Aceh that was
\ndevastated by an earthquake and tsunami a year ago.<\/p>\n
The resident representative of the French Development Agency
\n(AFD), Yathay Pin, explained during a reception here last week
\nthat his agency had allocated more than US$100 million in soft
\nloans for Indonesia.<\/p>\n
He explained that the loans on offer would carry a less than 1
\npercent interest rate per annum, with 20 years maturity and 10-
\nyear grace period.<\/p>\n
\"At the moment, your government does not want to take any
\nloans as yet for Aceh reconstruction. It's only accepting grants.
\nHowever, as there is going to be a large financial gap when the
\ngovernment starts building infrastructure there, we are here
\nready to extend our soft loans,\" Pin said.<\/p>\n
For the time being, the AFD is still part of the French
\nEmbassy in Jakarta.<\/p>\n
\"Because of the tsunami, we now have the AFD with us here. We
\nhope the AFD will continue here to support Indonesia,\" said
\nFrench Ambassador to Indonesia Renaud Vignal. -- JP<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/frances-afd-enters-indonesia-1447893297",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}