Dutch bank's loans for RI

Dutch bank's loans for RI

UTRECHT, The Netherlands (Dow Jones): The Dutch Development
Finance Agency (FMO) Friday signed an agreement with Rabobank
International and the International Finance Corporation to set up
a US$120 million credit facility in Indonesia.

The three parties involved will take an equal share in bearing
the risk for the facility, under which Indonesian companies can
get short-term loans from Rabobank International Singapore
through a local intermediary, Rabobank Duta Indonesia.

Rabobank, FMO and the IFC will select the companies.

The three organizations said the financial crisis in Indonesia
has made it hard for export companies to get working capital for
pre-export and import financing and said this had led them to set
up the facility.

FMO specializes in financing investments in the private sector
in emerging markets. Indonesia is one of the largest countries in
its portfolio. It has 109.7 million euros outstanding in
Indonesia.