ADB loans RI $130m

ADB loans RI $130m

JAKARTA (JP): The Asia Development Bank (ADB) has agreed to
provide loans worth US$130.19 million for the Indonesian
government to finance educational and development projects.

The Ministry of Foreign Affairs announced yesterday that under
an agreement signed last week, a 25-year $85 million loan would
be allocated for vocational and technical education projects, a
35-year $17.47 million loan for a micro-credit project and a
$27.72 million loan for a capacity building project in the water
resources sector.

The loan agreement was signed in Manila by ADB President
Mitsuo Sato and Indonesian Ambassador to the Philippines Pieter
Damanik. (mds)