EC to give Indonesia 500 millions euros worth of grants

At present the value of EC grant projects in Indonesia was about 500 million euros, including its contributions to post-tsunami rehabilitation and reconstruction efforts in Aceh, Ad Koekkoek, director of educational, cultural and scientific development cooperation at the Dutch Foreign Ministry, said here Friday.

Indonesia was the second biggest recipient of EC grants to Asian countries after Afghanistan, he said after the signing of a 27.5 million euro cooperation agreement between the European Union and the Indonesian Finance Ministry.