Overview

Chinese Government pledges to extend 200 million USD export credit to Indonesia

Commitments (Constant USD, 2023)$332,312,907

Commitment Year•2007Country of Activity•IndonesiaDirect Recipient Country of Incorporation•IndonesiaSector•Unallocated/unspecifiedFlow Type•Loan

Status

Project lifecycle

Pipeline: Pledge

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jul 4, 2007

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

Government Agencies

Unspecified Chinese Government Institution

Receiving agencies

Government Agencies

Government of Indonesia

Loan desecription

Chinese Government pledges to extend 200 million USD export credit to Indonesia

Interest type•Unknown

Narrative

Full Description

Project narrative

On July 4, 2007, the Chinese and Indonesian Foreign Ministers signed an MOU for technical and economic cooperation between the two countries (see #38092). The aid was announced by Chinese Vice President Zeng Qinghong during Indonesian Vice President Kara’s visit to China in June 2007, when China also announced the provision of 200 million US dollars of preferential export seller’s credit to Indonesia.