The Indonesian Export Financing Agency (Eximbank) received funding with a total value of US$580 million from China Eximbank and PT Bank ICBC Indonesia. The term loan facility from China Eximbank worth of $200 million with a three-years tenure and Bank ICBC of $380 million have period three and five years. Chairman of Eximbank, Daniel James Rompas, said that 50% of the loans will be used to support exporters’ working capital financing needs with a priority on the facilitate trade, investment and infrastructure between Indonesia and China.
