"The Timing of the Great Shift" – Mar 21, 2009 (Kryon channelled by Lee Carroll) - (Text version)

“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.

They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."
"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)
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Tuesday, December 19, 2006

Germany swaps $24m debt for education in Yogyakarta

Urip Hudiono, The Jakarta Post, Jakarta

The German government has provided a 20-million-euro (US$24-million) debt swap to Indonesia to support the rehabilitation of schools in Yogyakarta and Central Java that were devastated by an earthquake earlier this year.

Germany has also provided another 6 million euros in additional grants, bringing the total amount of money involved to 26 million euros, for post-tsunami housing reconstruction in Aceh and Nias.

The agreement on the debt swap and grant was signed Monday between the Finance Ministry's director general for debt management, Rahmat Waluyanto, and German Development Bank (KfW) vice president for Asia Pacific, Hans-Peter Mssig.

The debt swap is the fourth and last tranche of earlier schemes that Germany provided to Indonesia, worth some 93.6 million euros so far.

In 2004, Germany provided 25 million euro in a debt swap for nature scheme to enhance the environmental awareness of SMEs and the protection of natural parks, following a debt swap worth 23 million euros earlier the same year for improving junior high school education in eastern Indonesia, and 25.6 million euros in 2002 for elementary education.

Under the latest debt swap scheme, Germany will cancel up to 20 million euros of debt after Indonesia sets aside half of the amount for rebuilding 213 primary and junior high schools in Yogyakarta and Central Java.

Indonesia's total debt to Germany stands at some 1.1 billion euros. Current project loans include 443.5 million euros for transportation, health, education, the environment and telecommunications.

Germany's grants for the post-tsunami reconstruction work in Aceh and Nias, meanwhile, totaled 250 million euros.

Rahmat welcomed the debt swap schemes, saying they were a mutually beneficial solution to the debt problem. The government will remain prudent in managing the country's debt, he said, and will only accept other debt swap schemes whose terms and conditions are feasible.

Mssig said that although the latest debt swap scheme was the last in the series, Germany might consider future ones following an assessment of their benefits to the welfare-improvement effort in Indonesia.

Other creditor countries have also been considering debt swap schemes for Indonesia, although no progress on these has been made to date.
Posted by Cempaka at 10:09 PM
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