German aid for RI projects

German aid for RI projects

JAKARTA (JP): Representatives from the German and Indonesian
governments yesterday signed an agreement on economic cooperation
worth a total of DM 149.5 million (US$96,265) in aid.

The agreement marks the end of the annual bilateral
negotiations on development cooperation which took place here
from Sept. 19 to 21, 1994.

During the negotiations, Indonesia was represented by Deputy
Chairman of the National Development Planning Board (Bappenas)
Rustam Didong, while Wolf Preuss, the Director General of the
Federal Ministry for Foreign Economic Cooperation and Development
represented the German government.

Out of the funds being appropriated, DM 110 is given as a soft
loan for health projects and the promotion of small businesses in
East Java.

The remaining DM 39.5 is part of a technical assistance grant
focusing on rural development, education, environment and
forestry management.

The signing of the agreement was conducted here yesterday by
Preuss and Noor Handono, acting director general of foreign
economic relations from the Indonesian foreign ministry.(mds)