The International Finance Corporation (IFC) announced that it will provide a local currency loan of 1.3 trillion rupiah, equivalent to over 141 million US dollars, to PT Bank Danamon Indonesia Tbk (Bank Danamon). According to the IFC press release found on noticias.info, “this loan will be IFC’s largest local currency facility offered to a client globally and the largest single transaction to date in Indonesia which will be mostly oriented by Bank Danamon towards SME {small and medium enterprise} and mass market businesses.” The loan structure provides long-term credit in the local currency to Bank Danamon, facilitating its lending to entrepreneurs and SME’s. In addition, the big loan will aid the development of infrastructure, manufacturing, and other capital-intensive sectors.
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