Lawmakers clear way for export financing agency

The Jakarta Post Daily-December 17, 2008-The establishment of a new agency to substitute Bank Export Indonesia (BEI) is considered as a support for exporters amid global economic downturn. According to Sri Mulyani, Acting Coordinating Minister of Economy, the new agency is expected to provide financing to sectors unreachable by banks and commercial institutions. Meanwhile, Nusanita Nasution of the Prosperous Justice Party (PKS), said the agency was expected to accelerate export and raise international confidence in Indonesian products.