RI gets aid from Germany

RI gets aid from Germany

JAKARTA (JP): Germany agreed yesterday to allocate a loan of DM 110.000,000 (US$76.3 million) for various power and health projects in Indonesia.

Under a financial cooperation agreement signed here yesterday, the projects will include barge-mounted diesel power plants and the improvement of a class D hospital and health referral system in Nusa Tenggara.

The loan, carrying an interest rate of 0.75 percent per annum, will mature in 40 years, including a 10-year grace period.

Yesterday's agreement was signed by the Indonesian foreign ministry's director general for foreign economic relations, Soemadi Brotodiningrat, and German Ambassador Heinrich Seemann.

Notes on technical cooperation were also exchanged for the allocation of over DM 1.800,000 in grants for vocational and technical education and training in Indonesia. (mds)