“ … 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.)

Monday, February 16, 2009

ADB allocates $1.75b to Indonesia

Aditya Suharmoko ,  The Jakarta Post  Jakarta  |  Mon, 02/16/2009 7:17 PM   

The Asian Development Bank (ADB) is set to provide a total of US$1.75 billion in loans to help Indonesia strengthen its fiscal management amid the threats of the global financial crisis. 

"We are ready to support Indonesia with another $1 billion in loans on top of the already allocated $750 million," ADB President Haruhiko Kuroda said after a meeting with Finance Minister Sri Mulyani Indrawati in Jakarta on Monday. 

ADB Executive Director Ceppie K. Sumadilaga said the $750 million in project loans had been prepared and committed to provide the remaining $1 billion, $500 million of which will come in the form of program loans and $500 million as standby loans. 

Asked when the loans will be disbursed, he said it "will depend on Indonesia's needs". The tenure is between 17 years and 20 years, while the interest rate is LIBOR plus 0.5 percent. 

Finance Minister Sri Mulyani Indrawati said the $1.75 billion in loans would help Indonesia make counter-cyclical measures. "Our source of financing has become secured with ADB loans." 

The government has set the 2009 budget deficit at Rp 129.5 trillion, or 2.5 percent of the GDP. 

Mulyani said earlier several multilateral agencies and countries had provided $6 billion in standby loans for Indonesia. The World Bank provides $2 billion, the ADB $1 billion, the Islamic Development  Bank between $500 million and $1 billion, Japan $1 billion and Australia $1 billion.

Related Article:

ADB mulls to guarantee Indonesian debts

No comments: