Active Mixed AidData Chinese Aid

Chinese Government pledges to provide $300 million preferential buyer's credit loan for earthquake reconstruction activities

$400M USD

Funder	Unspecified Chinese Government Institution
Recipient Organization	Government of Indonesia
Country	Indonesia
Start Date	Apr 25, 2005
End Date	Feb 13, 2027
Duration	7,964 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`35147`

Grant Description

Chinese Government pledges to provide $300 million preferential buyer's credit loan for earthquake reconstruction activities 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).

📋 Staff Comments

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.

📚 Sources & References

China agrees to provide Indonesia loan facility of 300 mln usd - Nasution
China Provides Additional US$300 Million Loan
Indonesia now a strategic partner
中国印尼200亿贸易目标可提前实现
Oleh-Oleh Kunjungan Presiden Ke AS: Pembayaran Utang Rp1,9 Triliun Ditunda
ASEAN and the Rise of China
China Tambah Pinjaman Lunak US$200 Juta
Pencairan Pinjaman China Dipercepat
Forging Closer Sino-Indonesia Economic Relations and Policy Suggestions
我国将再次为印尼提供3千万元地震救灾援助款
中国对外开放30周年回顾展 Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.