Indonesia has asked China to set up a special fund within its Belt and Road Init...
JAKARTA - Indonesia has asked China to set up a special fund within its Belt and Road Initiative for investment in Southeast Asia’s largest economy, after offering China projects worth $91 billion, government officials said on Wednesday.
Indonesia says this is because it has insisted any loan within the BRI framework is done on a business-to-business basis to avoid exposing the government in case of default. “I am currently doing a study about its form, its mechanism, the size of it and of course the consequences of its costs,” she said.
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