Asian Bank launches loans to foreign countries in January

Indonesian Finance Minister Bambang Brodjohnnyijoro said on Wednesday that the Asian Bank for investment in infrastructure, which is supported by Beijing will start providing loans to foreign countries in January. The minister told reporters that "the bank is scheduled to begin operations in January and that the bank is ready to contribute to the financing of infrastructure projects, including the Indonesian energy and power projects." Indonesia had previously said it will contribute with a value of 672.1 million dollars from the Asian bank's capital in five years, including making it the eighth largest shareholder in the bank.