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Japan To Give 50 Bn Yen Reform Loan

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Last Updated : Jan 23 1998 | 12:00 AM IST

Japan will give Indonesia a 50 billion yen ($393.7 million) loan in fiscal 1998/99 (April-March) to back its economic reform programme, the Japanese embassy said on Thursday.

The loan, under Japans Official Development Assistance (ODA) programme, will be extended as part of the annual 1998/99 loan package, the embassy said in a statement after a meeting between vice foreign minister Masahiko Komura and president Suharto. Komura is in Jakarta on a two-day visit as a special envoy of prime minister Ryutaro Hashimoto.

The statement said arrangements have also been made for the disbursement of a 20 billion yen loan Japan agreed to give Indonesia in December.

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First Published: Jan 23 1998 | 12:00 AM IST

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