Indonesia has been offered US$300 million from Japan in loans to finance a wide range of activities to overcome climate change.
The offer from Japanese Prime Minister Yasuo Fukuda was made to Indonesian President Susilo Bambang Yudhoyono at a bilateral meeting held on the final day of the G-8 (Group of Eight Industrialized Countries) Summit in Hokkaido, Japan, on July 9.
On the last day of the G-8 Summit, President Yudhoyono held talks with Premier Fukuda, among others, as well as with United Nations Secretary General Ban Ki-Moon, and World Bank President Robert Zoellick.
At his 10-minute meeting with the Indonesian leader, Fukuda lauded the Indonesian government for its success in holding the climate change summit in Bali last December.
The loans will be Japan’s first official development assistance (ODA) related to a program aid package called "Cool Earth Partnership". 2008 had been declared a year of friendship between the two nations.
Source: Antara, 20 July 08, Japan offers $300 mln loans to RI for climate change program