Indonesia's Bank Mandiri is to receive loans from the Islamic Development Bank IDB to finance Indonesian exporters. IDB president Ahmad Mohamed Ali announced this on Monday at a celebration of the bank's 25th anniversary in Indonesia.
The undisclosed sum of loans will be used to finance Indonesian exporters trading with the IDB nations and members of the Organization of Economic Cooperation and Development OECD. Ali said that the loans from IDB for export credit purposes were at the request of Indonesian president Abdurrahman Wahid.
This facility is to improve trade among IDB members and enhance Indonesia's exports, which have become the main source of Indonesia's foreign exchange, says Ali. More details...
