Jakarta (ANTARA News) - Finance Minister Sri Mulyani Indrawati said that based on G-20 countries` agreement, Indonesia would increase its international trade finance up to US$2.5 billion.

"Indonesia will submit its commitment which could reach US$2.5 billion," the finance minister said here on Tuesday.

Of the increased commitment, about 0.59 billion dollars will come from Bank Indonesia (BI) facilities, 0.60 billion dollars for the Indonesian Export Financing Agency (LPEI), 0.50 billion dollars from the Japan Bank for International Cooperation (JBIC) and 0.83 billion dollars from Indonesian state-owned banks (BRI, Mandiri, and BNI).

"Through JBIC, the Japanese government sets aside a special Indonesia-Japan international trade financing where our exporters who export to Japan, could use the facility," the minister said.

She said that Indonesia and China also established cooperation like a bilateral currency swap arrangement through BI.

Sri Mulyani said that at the G-20 meeting in London, the G-20 countries agreed to increase international trade financing availability to 250 billion dollars to revive global trade.

The G-20 meeting scheduled to be held in Pittsburg on September 24-25, 2009 is expected to increase the G-20 countries` commitment to 400 billion dollars.

"In this context, Indonesia itself will submit its commitment that could reach 2.5 billion dollars," the minister said.(*)

Editor: Heru

COPYRIGHT © 2009

Comment
Send Comment