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.