Financial and Banking News


SFD Lends $20mn to Indonesia 

Indonesia is to receive a loan of $20mn from the Saudi Fund for Development (SFD), according to reports from Djakarta last week. The loan is for 18 years with an eight-year grace period and is to fund the purchase of loading and unloading equipment for a container terminal at the East Javan port of Tanjung Perak. The port project is being co-financed by the Asia Development Bank.