Under the agreement, Bank Negara Indonesia (BNI) will be the lead arranger of the financing and will handle the underwriting for the syndicated loan of 1.85 trillion IDR.

The Ministry of Planning and Investment chaired a meeting on March 9 to discuss solutions to resolve difficulties and obstacles so as to accelerate the implementation of projects using loans from the World Bank (WB) in the Mekong Delta region, Ho Chi Minh City, and the southern province of Binh Duong.

Japan International Cooperation Agency (JICA) on November 10 signed a loan agreement with the Cambodian government to provide a Japanese Official Development Assistance (ODA) loan of about 240 million USD for the COVID-19 Crisis Response Emergency Support Loan, JICA said in a statement on November 18.

The Philippines and the World Bank have signed a loan agreement worth 370 million USD for a project to support local farmers, the Xinhua news agency reported, citing the Philippines’ Department of Finance (DOF) as saying on July 20.

Unemployment in the Philippines soared to 17.7 percent in April, equivalent to around 7.3 million jobless Filipinos amid the COVID-19 pandemic, the Philippine Statistics Authority (PSA) announced on June 5.

The Government Office said Deputy Prime Minister Trinh Dinh Dung has ordered the setting up of a managing unit for the Ben Luc-Long Thanh Expressway project.

Vietnam’s Ministry of Finance and the Kuwait Fund have signed a loan agreement worth over 13.3 million USD for a multi-target development project for ethnic minority-inhabited areas in poor communes of Xin Man district, northern mountainous Ha Giang province.

The Ministry of Finance and the Kuwait Fund for Arab Economic Development (KFED) signed a loan agreement on December 19 to develop infrastructure in coastal areas in Thai Thuy district of the northern province of Thai Binh.