AFD to provide US$200 m for Indonesian climate change control program
25/11/2008 16:48
The Agency Franchise de Development (AFD) and the Indonesian Finance
Ministry have signed a US$200 million loan agreement to support the Climate
Change Program conducted by the Indonesian government, an official said in
Jakarta today.
"The loan program is on a grant basis and very, very favorable
(loan)," said Rahmat Waluyanto, the Director General of Debt Management under
the Indonesian Finance Ministry.
The purpose of this climate change program
loan, which will be disbursed as a budgetary support, is to sustain Indonesian
driven policy reform for dealing with climate change issues and to help the
implementation of agreed policy targets stated in the form of a three-year
"Policy Matrix" (revisable every year).
Targets of the Policy Matrix are
divided into three parts, namely mitigation, adaptation and cross-sectional
issues. In this program, AFD is a partner of the Japan International Cooperation
Agency (JICA) which has already granted a US$300 million loan to the Indonesian
government.
"Our cooperation between AFD and the Indonesian government is not
only limited in loan agreement, but also technical assistance program which is
related to climate change. The assistance is aimed directly at the Indonesian
Forestry Ministry and the Industry Ministry," he said.
Xinhua
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