"There are no compelling reasons for
Rahmat Waluyanto, director general of debt management at the Finance Ministry, said the government had received loans worth US$200 million from French financial institution Agence Francaise de Developpement and $300 million from the Japan Bank for International Cooperation -- all for climate change programs.
But that is not where the funds are headed. "The funds will go to the state budget," Rahmat said. That is, they will be used to cover the state budget deficit, forecast in the revised 2008 budget to reach Rp 94.5 trillion ($10.24 billion). He said the government expected to secure Rp 26.4 trillion in program loans this year…..Indonesia map from the CIA World Factbook, Wikimedia Commons