Japan Pledges ¥130 Billion to Fund Indonesia's Infrastructure and Transportation Projects

JAKARTADAILY.ID – The Japanese government pledged to provide ¥130 billion ($927.4 million) in loans to Indonesia for transportation and infrastructure project.

The Japantimes reported that Prime Minister Fumio Kishida spoke about this agreement after a personal meeting with Indonesian Presiden Joko Widodo at G20 Summit in Denpasar, Bali. 

Also Read: Japan Credit Rating Agency Maintains Indonesia's Sovereign Credit Rating at BBB+ with Stable Outlook

Prime Minister Fumio Kishida said he and Indonesian President Joko Widodo agreed that the two nations will sign the deal in the near future, 

Prime Minister Khisida is visiting Bali to attend the two-day Group of 20 Summit through Wednesday. Indonesia is the host of this year’s G20 meetings.

Japanese and Indonesian leaders also confirmed that the two nations will work together to realize a free and open Indo-Pacific, a vision promoted by Tokyo to counter to China’s growing regional assertiveness.

Also Read: OJK Strengthens Cooperation with the Financial Authorities of Australia and Japan

According to the government, Kishida and Widodo agreed to work together toward the success of the Group of Seven summit in Hiroshima in May next year.

Alongside G7 members — Britain, Canada, France, Germany, Italy, Japan, and the United States plus the European Union — the G20 also includes Argentina, Australia, Brazil, China, India, Indonesia, Mexico, Russia, Saudi Arabia, South Africa, South Korea, and Turkey.

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