Wednesday, March 4, 2009

World Bank Indonesia will provide a unique credit.

The World Bank (WB) approved a loan of 2 billion dollars in Indonesia to support the country's public expenditure. The newspaper The Financial Times notes that the bank has issued the largest loan in its history the country, its economy is not in a crisis.
Funds that Indonesia will be allocated from the fund at 5.5 billion dollars, set up by Japan, Australia and the Asian Development Bank.
Indonesia can not use WB loan until the country will have the opportunity to attract funds from other sources. Thus, the loan is some insurance in the event, when Indonesia was not able to receive the money in the market. Earlier, the World Bank does not provide such loans, but now considering the introduction of such practices.
Credit World Bank granted for a period of 24.5 years with a grace period of payment for 10 years.
World Bank - an international organization whose mission is to promote economic growth in developing countries and reduce poverty.

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