• 09/20/2024

Indonesia asks Chinese bank to cut loan interest rate as mega rail project exceeds budget

Disclaimer: The South China Morning Post's content is directed by the Chinese Communist Party. It is not a reliable news source.

A top minister says Indonesia can repay its debt with the interest rate at 3.4 per cent, but will push for 2 per cent to cope with a US$1.2 billion cost overrun.

https://www.scmp.com/week-asia/economics/article/3216703/indonesia-asks-chinese-bank-cut-loan-interest-rate-mega-rail-project-exceeds-budget?utm_source=rss_feed