Tag: Spain Loan
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DPR Approves Rp2 Trillion to Repay Spain Loan for Maritime Ministry Debt
Overview: DPR greenlights funding to settle a long-standing international loan The Indonesian House of Representatives, specifically Commission IV, has approved an additional Rp2 trillion (about US$120 million) to finance the repayment of a debt the Maritime Affairs and Fisheries Ministry (KKP) owes to Spain. This move aims to fulfill an international loan arrangement tied to…
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DPR Approves Rp2 Trillion to Repay Spain Maritime Loan
Overview: Why the Rp2 Trillion Payment Makes Headlines Indonesia’s House of Representatives, known as the DPR, has approved an additional Rp2 trillion (about US$120 million) to the Ministry of Maritime Affairs and Fisheries (KKP). The funds are earmarked to repay a Spanish loan tied to the Maritime and Fisheries sector’s development program. The decision marks…
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Indonesia’s DPR Approves Rp2 Trillion to Repay Spain-Borrowed Maritime Debt
Overview: DPR Allows Funding to Settle Spain-Backed Maritime Debt Indonesia’s House of Representatives, specifically Commission IV, has endorsed a supplementary allocation of Rp2 trillion (roughly US$120 million) to the Ministry of Maritime Affairs and Fisheries (KKP). The funds are intended to repay a Spanish loan linked to Maritime and Fisheries programs. The decision marks a…