Indonesian Political, Business & Finance News

RI receives Japan's grant

| Source: JP

RI receives Japan's grant

JAKARTA (JP): The Japanese government agreed on Wednesday to
provide Indonesia with a 2.87 billion yen (US$24 million) grant.

A press release from the Japanese Embassy in Jakarta said the
notes for the grant were signed on Thursday by Japanese
Ambassador Takao Kawakami and Johan S. Syahperi, director general
for foreign economic relations at the Ministry of Foreign
Affairs.

Some 1.18 billion yen of the aid will be used to rehabilitate
two units at the Gresik steam and gas power facility, the release
said.

The Japanese government promised Indonesia a total of 20
billion yen in aid in July last year during the Consultative
Group on Indonesia meeting in Paris.

The statement said some 17.74 billion yen of the pledged aid
had been disbursed. (rei)

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