Chinese Government pledges to provide $300 million preferential buyer's credit loan for earthquake reconstruction activities
Pledged amount
$ 868093339.8456596
Adjusted pledged amount
$ 868093339.8456596
Constant 2021 USD
Not recommended for aggregates
This project is not recommended for use in creating aggregated sums. See the documentation for more information about this criteria.
Summary
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Recipient
Indonesia
Sector
Emergency response (Code: 720)
Flow type
Loan
Level of public liability
Central government debt
Infrastructure
No
Category
Project lifecycle
Description
On April 25, 2005, during President Hu Jintao's visit to Indonesia, the Chinese Government signed a memorandum of understanding (MOU) pledging to provide a $300 million USD preferential buyer's credit loan for infrastructure reconstruction and disaster recovery in Indonesia (p. 251). Then, on 28 July 2005 during President Susilo Bambang's visit to China, President Hu Jintao increased this amount to $400 million USD (p. 252).
Additional details
This project captures the full $400 million as a separate project does not need to be created to capture extra $100 million USD since it was still a pledge, not a commitment, when Jintao increased the loan amount.
Number of official sources
2
Number of total sources
11
Details
Cofinanced
No
Direct receiving agencies [Type]
Government of Indonesia [Government Agency]