May 31, 2023


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Indonesia, U.S. EXIM lender indicator $750 mln infrastructure, trade bank loan agreement

JAKARTA, Nov 19 (Reuters) – Indonesia and the Export-Import Bank of the United States have signed an settlement for infrastructure and trade financing value $750 million, the Indonesian embassy in Washington mentioned in a statement.

The Memorandum of Comprehension for the funding was signed by Muhammad Lutfi, Indonesia’s ambassador to the United States, and EXIM President Kimberly Reed, throughout a pay a visit to by senior Indonesian officials to Washington.

EXIM was not immediately offered for comment, but according to a assertion it issued in Oct both of those sides experienced agreed to investigate opportunities for funding of up to $750 million, with prospective jobs ranging from infrastructure, electrical power and wireless communication engineering to health care and broadcasting.

Indonesian officials are currently viewing the United States to promote the government’s new Occupation Generation legislation, which seeks to simplify undertaking business enterprise in the Southeast Asian region.

The delegation also met with executives from asset managers this sort of as Blackrock, Blackstone, Carlyle, I Squared and Stonepeak, to pitch Indonesia’s new sovereign wealth fund, according to an Instagram write-up on Thursday by Deputy Point out-Owned Enterprises Minister Kartika Wirjoatmodjo. (Reporting by Bernadette Christina Munthe and Maikel Jefriando Creating by Gayatri Suroyo Enhancing by Ed Davies)