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Opinion 2 years ago
PREMIUM
Analysis: Troubled Indonesia Eximbank hit by another round of Rp 2.5 trillion fraud
The financially troubled Indonesian Export Financing Agency (LPEI), known as Indonesia Eximbank, has suffered from another round of bad debts, resulting from fraud. Finance Minister Sri Mulyani Indrawati recently submitted a report of fraud at the bank involving four borrowers, amounting to Rp 2.5 trillion, to the Attorney General’s Office (AGO). More problems are expected to be revealed as more borrowers also fall under the AGO’s investigation.
Economy 2 years ago
PREMIUM
INA, China Exim Bank to joint finance RI strategic projects
Indonesia's sovereign wealth fund and the China Exim Bank have signed an agreement to cooperate on investments in infrastructure, renewable energy and telecommunications, particularly for priority projects in Indonesia.
