JAKARTA, Feb 11 (ANTARA): Indonesia received at least US$150 million worth in loan from the Islamic Development Bank (IDB) annually, a minister said.
Speaking in a hearing with the House's Commission XI at the parliamentary building here Finance Minister Sri Mulyani Indrawati said IDB provided a mark up (a term used by IDB for interest) of about five to 6.0 per cent.
The total loan from IDB until December 31, 2005 was recorded at $344 million, which was used to finance 43 government and private projects, while the amount of loan received from Saudi Fund since 1976 until December 31, 2005 has reached over $1.0 billion, she said.
The minister further pointed out that with a five to six per cent mark-up (interest), IDB's loan was relatively high if compared to such soft loan provided by Japan with interest rate ranging from 1.3 to 1.5 per cent.
Loan from Japan until now has reached over 50 per cent of Indonesia's total foreign debt, she noted.