Social Safety Net Loan

Period (Date of Loan Agreement):
    March 12, 1999


Amount Provided:
    45,200 million Yen

Executing Agency:
    National Development Planning Agency (BAPPENAS)

As the loan provides Indonesia with the foreign currency for importation, it will contribute, as an immediate effect, to improving its deteriorating international balance of payments resulting from the economic crisis spread through Asia. It will also contribute to the achievement of development targets, for the counterpart fund of the loan is to be used for the Social Safety Net programs, which help alleviate the effects of the economic crisis on the socially vulnerable groups and thus help ease the present economic and social difficulties.