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Indonesia increases amount of foreign defence loans approved for 2021

by Ridzwan Rahmat & Andrew MacDonald

The Indonesian Ministry of Finance (MoF) has granted approval for the country's armed forces (Tentara Nasional Indonesia: TNI) and defence ministry to obtain up to USD5.8 billion in foreign loans for the 2021 financial year.

Permissions to source for foreign loans have been approved for a total of 31 procurement, upgrades, and maintenance programmes across all three services of the TNI, according to documents and circulars that have been provided to Janes by Indonesian government sources.

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https://www.janes.com/defence-news/news-detail/indonesia-increases-amount-of-foreign-defence-loans-approved-for-2021

The Indonesian Ministry of Finance (MoF) has granted approval for the country's armed forces (Tentar...

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