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Indonesia govt commits to cooperative loan repayments
JAKARTA: Indonesia’s government will make repayments of bank loans that are funding a national village cooperative programme, the finance minister said, as the first instalment falls due on Friday. Suahasil Nazara, who was appointed as finance minister last week, said late on Thursday that the repayments will be made once the government verifies the funds were used as intended, including for the construction of cooperative stores in thousands of villages. “This has been budgeted, the fund is ready, we will definitely pay,” Suahasil said, noting 37 trillion rupiah (USD2.1 billion) had been allo...
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