Jakarta (ANTARA News) - US Ambassador Scot Marciel witnessed on Thursday the signing ceremony for the Wells Fargo and Bank Danamon agreement to provide Overseas Private Investment Corporation (OPIC) guaranteed loans.

The three-year, $50 million loan agreement will be used to support small- and medium-sized businesses, who are trying to expand their operations and create jobs, according to the US Embassy in its official website here on Friday.

In his remarks, Ambassador Marciel said the loan will help achieve two of President Obama`s goals for our relationship with Indonesia: building closer business and economic ties between our two countries, and ensuring the continued success and growth in Indonesia`s development.

Editor: Priyambodo RH
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