France, RI sign aid deal

Thu, 29 Dec 1994, 00:00 WIB | Source: AFP

PARIS (AFP): France and Indonesia have signed a financial
protocol calling for France to grant 761.5 million francs (US$140
million) worth of financing for various projects, the French
Economics Ministry said.

The agreement will make it possible to carry out projects in
the water, telecommunications, airport and hospital sectors, the
announcement said Tuesday.

The accord was signed by the Indonesian ambassador to Paris
and the Ministry of Economics.

The announcement said signature of the agreement showed
France's desire to continue active participation in Indonesian
development and to increase bilateral trade (which amounted to
around 11 billion francs in 1992).

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