Japanese bank's loans to RI

Japanese bank's loans to RI

TOKYO (Reuter): The Export-Import Bank of Japan has agreed
with the Indonesian government to make 53 billion yen of untied
loans to private corporations in Indonesia, including venture
businesses, a bank official said yesterday.

It will be the first time the bank has financed Indonesian
venture businesses, although it has made several loans to private
Indonesian corporations via Indonesian government organizations,
the official said.

He said that in dollar terms about US$200 million of the new
untied loans would made be to venture enterprises via an
Indonesian state-run venture capital firm, and the remainder to
small corporations via Bank Indonesia, the central bank.