InfoAnda - China pledges $2 bln loan for Indonesia infrastructure

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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World China pledges $2 bln loan for Indonesia infrastructure AFP - 2 hours 53 minutes ago Send IM Story Print China pledges $2 bln loan for Indonesia infrastructure YOGYAKARTA, Indonesia (AFP) - – The Indonesian trade minister said Saturday that China agreed to lend two billion dollars for investment in Indonesia's infrastructure. Beijing will give Jakarta 1.8 billion dollars worth of preferential export buyer's credits as well as a concessional loan of 263 million dollars, said the minister, Mari Pangestu, after a meeting with China's Minister of Commerce Chen Deming. She said Chinese Premier Wen Jiabao would sign the agreement during a visit to Indonesia this month. Indonesia plans to spend 140 billion dollars in the next five years to improve its poor infrastructure and help it reach an economic growth target of seven percent. The government has said it would aim to attract 90 billion dollars of that total from private investors. Recommend Send IM Story Print Related Articles Iran used China connection for nuke gear-Report Reuters - 16 minutes ago US delays currency report that could target China: Treasury AFP - 1 hour 40 minutes ago US-BUSINESS Summary Reuters - 1 hour 47 minutes ago Apple's iPad hits store shelves; testing begins Reuters - 1 hour 47 minutes ago U.S. delays China yuan ruling ahead of Hu visit Reuters - 1 hour 51 minutes ago News Search Top Stories Britain's Mandelson attacks 'unacceptable' Barclays banker Gunmen in army uniforms massacre 25 people in Iraq On Good Friday, criticism of pope likened to anti-Semitism French strike paralyses cross-Channel ferries Hamilton fastest in Malaysia GP, but cautious More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended Abortion doctor killer gets life; no parole for 50 yrs Did comet smashup unleash Earth's mini Ice Age? Hamilton fastest in Malaysia GP, but cautious On Good Friday, criticism of pope likened to anti-Semitism Granny fined $1,500 for selling goldfish to child More Most Viewed » 'Rare' fossil of new dinosaur species found in US Hollywood stars help prevent suicide after Twitter alert Junkies and junk-food addicts share craving mechanism Toad is a telltale for impending quakes: scientists More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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