Chinese Government pledges to provide $300 million preferential buyer's credit loan for earthquake reconstruction activities
Constant 2017 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.
Funding agency [Type]
Unspecified Chinese Government Institution [Government Agency]
Emergency response (Code: 720)
Export Buyer's Credit
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).
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
Number of unofficial sources
Receiving agencies [Type]
Government of Indonesia [Government Agency]