Sector Program Loan

Period (Date of Loan Agreement):
March 3, 1998


Amount Provided:
20,000 million Yen

Executing Agency:
The Government of the Republic of Indonesia

As the loan provides Indonesia with the foreign currency for importation, it will contribute, as an immediate effect, to improving the deteriorating balance of payments of Indonesia. It will also contribute to the achievement of development targets including poverty alleviation and regional disparity reduction, on a mid-to-long term basis, for the counterpart fund of the loan is to be used for development projects for the socially vulnerable people affected by the economic structural adjustment. Such development projects are to be implemented in the fields of education, health and social welfare, by such means as building of vocational schools, supply of equipment for community health services, and construction of rehabilitation facilities for the disabled.