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CGI Projects

Tight Loans Demand Strict Control

Sunday, October 29, 2000

The government plans to build infrastructure with CGI loans. The projects range from railway lines, highways, power networks, to ports. Are they guaranteed to be clean?

arsip tempo : 173486024283.

. tempo : 173486024283.

After securing sizable loans from the recent meetings of the Consultative Group on Indonesia (CGI) in Tokyo, the government made immediate arrangements to spend the funds on a number of infrastructure projects. From Japan, Indonesia got a short-term loan worth US$1.585 billion as part of the Miyazawa Plan. Japan provided a $130 million grant in technical cooperation as well as 58.1 billion yen in medium- and long-term loans, equivalent to $340 mi

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