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Jakarta Post

RI to receive first $200 million grant from Norway

  • Aditya Suharmoko

    The Jakarta Post

Jakarta   /   Fri, June 11 2010   /  10:37 am

Indonesia will receive the first US$200 million in grants from Norway between 2010 and 2011, as part of the $1 billion grant to reduce emissions from deforestation, a minister said.In the agreement, Norway has pledged to disburse the money in three phases: Capacity building, in which the government will set up an oversight agency; a pilot project, in which the government will select one forest; and nationwide, in which the government will reduce emissions from forests nationwide.“The first phase begins now until 2011. There will be consolidation and capacity building. We will build an internationally reputable financial institution, to be completed in October 2010, in which Norway will disburse $200 million,” Coordinating Economic Minister Hatta Rajasa said at the State Palace on Thursday.He added that in 2011 the government would select one forest, which would comply with the MRV sc...