Indonesia Highlights: Indonesian Eximbank Receives $200 Million Loan from Korean Eximbank | Indonesia to Ban British Nationals during Year-End Holidays | Jokowi Inaugurates New Ministers, Deputy Ministers

December 24, 2020, 02.22 AM

KOMPAS.com - The Indonesian Export Financing Institution (LPEI), has received a $200 million credit facility from the state-run Export-Import Bank of Korea (KEXIM).

The funding is projected to meet the needs of exporters and provide the opportunity for entrepreneurs to develop their businesses that will increase national exports.

Meanwhile, the authorities have barred British citizens and other foreign travelers coming from the UK from entering Indonesia during the Christmas and New Year’s celebrations due to the discovery of a new Covid-19 strain in the country known as SARS-CoV-2.

Below are excerpts from the stories in Indonesia, curated by Kompas.com editors:

1. Indonesian Eximbank Receives $200 Million Loan from Korean Eximbank

An illustration of US currency. TRIBUN JABAR / GANI KURNIAWAN An illustration of US currency.

Indonesia Eximbank, also known as the Indonesian Export Financing Institution (LPEI), has received a $200 million credit facility for a two-year tenor from the state-run Export-Import Bank of Korea (KEXIM).

LPEI Managing Director III Agus Windiarto said the funding would not only strengthen the bilateral trade between the two countries but also enhance the partnership among members of the Asian Exim Banks Forum (AEBF).

“LPEI welcomes the opportunity to collaborate with Korea Eximbank following the collaboration with China Eximbank during these difficult times,” said Agus in a statement on Wednesday, December 23.

“The cooperation will enhance our collaboration among members of the Asian Exim Bank Forum,” he added.

He further added that the funding is projected to meet the needs of exporters and provide the opportunity for entrepreneurs to develop their businesses that will increase national exports.

Source: https://go.kompas.com/read/2020/12/23/213833374/indonesian-eximbank-receives-200-million-loan-from-korean-eximbank.

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