Exim handles forestry funds

Exim handles forestry funds

JAKARTA (JP): The ministry of forestry and plantations has
appointed state Bank Ekspor Impor Indonesia (Bank Exim) to handle
the payments of the reforestation funds, the ministry's secretary
general Oetomo said on Thursday.

Oetomo said that Bank Exim was chosen because it provided the
best on-line banking system among the country's banks.

"The on-line system allow us to control the payments of the
reforestation funds by the minute," he said.

Oetomo said that the ministry currently used Exim together
with two other state banks, Bank Dagang Negara and Bank Bumi Daya
to handle the payments.

"If the system works well, our accounts in BDN and BBD will
function only as outflow accounts. Timber companies have to pay
their reforestation funds through Bank Exim," he added.

The ministry expects to collect Rp 1.13 trillion in
reforestation funds this fiscal year. (gis)