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China Eximbank provides $200 million term loan to Indonesia Eximbank for on-lending purposes in September 2020
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | PT Lembaga Pembiayaan Ekspor Indonesia (LPEI) |
| Country | Indonesia |
| Start Date | Sep 25, 2020 |
| End Date | Feb 13, 2030 |
| Duration | 3,428 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 96330 |
Grant Description
China Eximbank provides $200 million term loan to Indonesia Eximbank for on-lending purposes in September 2020 On September 25, 2020, Lembaga Pembiayaan Ekspor Indonesia (Indonesia Eximbank or LPEI) — an Indonesia state-owned bank — signed a $200 million term loan agreement with China Eximbank for on-lending purposes.
At the signing of the loan agreement, LPEI was represented by Agus Windiarto and Henry Sihotang and China Eximbank was represented by Gao Ning, Deputy General Manager of the Corporate Banking Department.
According to a press release by LPEI, 50 percent of China Eximbank's loan will later be used to support exporters' working capital financing needs with priority on projects that facilitate trade, investment and infrastructure between Indonesia and China. The agreement was announced on the same day as an ICBC loan to the LPEI.
Please see #96342 for more information on that loan.
Sources & References
- Indonesia Eximbank Gets US $580mn Foreign Loans from Two Financial Institutions
- LPEI Peroleh Fasilitas Pendanaan USD580 Juta dari Dua Lembaga Keuangan
- Ditopang China Eximbank & ICBC
- LPEI Dapat Utang Rp 8,6 T
- Annual Report 2020 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.
All Grantees
PT Lembaga Pembiayaan Ekspor Indonesia (LPEI)
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