“ … 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 23, 2009

Guarantee fund to go into effect this year

Benget Besalicto Tnb., THE JAKARTA POST, JAKARTA | Mon, 02/23/2009 10:53 AM  

The government will start operating the infrastructure guarantee fund this year with an initial fund of Rp 1 trillion allocated from the 2009 state budget, a senior official said Saturday. 

“We’ve finalized the draft of the regulation on the guarantee fund; now we’re waiting for President to sign it,” Bambang Susantono, infrastructure deputy to the coordinating minister for the economy, told The Jakarta Post. 

“I think we can start in the next few months.” 

He added the guarantee was “necessary to attract investors in developing infrastructure projects”. 

It was also important, he went on, to avoid any cancellation of infrastructure development, which is badly needed by Indonesia to accelerate economic growth and improve competitiveness at the international level, which is on a decline. 

He said the government regulation would rule what kind of infrastructure projects need to be guaranteed if there was any policy change made by governments. 

In the case of investors canceling projects due to policy changes on part of the government, the government may be required to pay financial compensation to the investors. 

Such stipulations are detailed in the upcoming government regulation. 

All of the guarantee fund will be used to guarantee infrastructure projects under the public private partnership (PPP) schemes for the next five to 10 years. 

“The existence of the fund will only be aimed at guaranteeing that the next governments will not make any changes to the agreed contracts already signed by previous governments,” Bambang said. 

But he added he could not yet disclose what projects would be guaranteed and how much each of them would be guaranteed for. 

“We’re waiting for the government regulation to be approved,” he explained. 

He also said part of the guarantee fund would be allocated from the state budget, while the rest would be in loans sourced from the Asian Development Bank (ADB) and the World Bank. 

The guarantee fund will differ from the planned infrastructure fund, which is also set to be established by the government soon to facilitate the financing of infrastructure projects. 

Due to the frequent shortages of funds for infrastructure development, the government recently announced the planned establishment of the Indonesia Infrastructure Fund Facility (IIFF), which could take place as early as March. 

This institution will be charged with raising funds to finance infrastructure projects under the public private partnership mechanism.

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