Indonesia receives french`s climate change loan

Antara News, Thursday, June 17, 2010 21:47 WIB

Jakarta (ANTARA News) - Indonesia is to receive a loan of 300 million US dollars from the Agence Francaise de Developpement (AFD) to support the implementation of a matrix policy for its climate change program

An agreement on the loan was signed by Indonesian Finance Ministry official Rahmat Waluyanto, the AFD Director in Indonesia Joel Daligault at the Finance Ministry here Thursday.

The last meeting of the Climate Change Program Loan (CCPL) steering committee had accepted the results of Indonesia`s program in 2009 and decided on several goals and activities for 2010.

The climate change program loan was to support the ongoing policy reforms to deal with climate change issues through a number of objectives or activities embodied in the framework of a triennial policy matrix consisting of mitigation (forestry, energy), adaptation (agriculture, water), and cross-sectoral issue areas.

AFD had provided first and second stage loans of 200 and 300 million US dollars, in a co-financing scheme with the Japan International Cooperation Agency (JICA) in 2008 and 2009, Rahmat said.

JICA would also provide loans amounting to 300 million US dollars to support the third stage and the World Bank would also join the CCPL starting this year, with contributions amounting to 200 million dollars

AFD is a financial institution for development to fight poverty and support economic growth in developing countries and French overseas territories.