Indonesia's major donors on Wednesday pledged to provide $4.8 billion in new aid -- $1.585 billion of which will come from Japan -- to help finance the country's expected 2001 budget deficit.
Delegates from 21 countries and 11 international organizations pledged to provide the aid, which will come mostly in the form of loans, as they wrapped up the two-day conference in Tokyo of the 10th Consultative Group of Indonesia, which was organized by the World Bank.
Japan, Indonesia's top donor, also pledged to make separate fresh yen loans of 58.1 billion yen to finance five projects to support the Indonesian economy in the medium term, which include irrigation, infrastructure and education projects, the Foreign Ministry said.