Indonesian bank secures loan to expand trade to IDB countries


FE Team | Published: June 29, 2014 00:00:00 | Updated: November 30, 2026 06:01:00



JAKARTA, June 28 (Xinhua): Indonesian export financier, Indonesia Eximbank, secured a three-year service tenure loan worth 45 million US dollars from Islamic Development Bank (IDB), aimed at expanding the nation's trade to IDB member countries, a statement said here on Friday.
"The loan would be used to directly and indirectly support exports on goods and services in infrastructure, agriculture and manufacture sectors," the statement issued by the bank said, adding that it would also be used to finance imports on machinery, equipment and raw materials from countries joined the IDB.

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