UPDATE 2-Indonesia agency resumes fund disbursement for biodiesel, palm replanting
(Adds details on additional role, fund collection) JAKARTA, Jan 22 (Reuters) - Indonesia's palm oil fund agency has resumed fund disbursement to subsidise biodiesel and oil palm tree replanting programmes after a brief pause during a reorganisation, agency official Achmad Maulizal said on Wednesday. The disbursement was put on hold last week as the agency introduced changes following a decision to expand its remit to include the management of cocoa and coconut programmes, including their replanting schemes as well. Disbursement recommenced after the finance ministry issued a decree detailing the new function of the agency, which has been renamed the Plantation Fund Management Agency. Under the decree made public on Wednesday, the government also tasked the agency with financing programmes for food security and the processing industry for plantation products. The decree did not mention any new levy collection scheme to support the agency's expanded role. Prior to renaming and reorganisation, the agency collected levies on palm oil exports to finance its programmes. (Reporting by Bernadette Christina Munthe, Fransiska Nangoy; Editing by Martin Petty and Tom Hogue) ((mailto:[email protected];))
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