Government expects US$4.72b plus from CGI<\/p>\n
JAKARTA (JP): Indonesia's major lenders, grouped in the
\nConsultative Group on Indonesia (CGI), may pledge some US$4.72
\nbillion in loans at the upcoming annual donors meeting, according
\nto a senior government official.<\/p>\n
Budhy Tjahjati, a deputy for international cooperation at the
\nNational Development Planning Board (Bappenas), said on Friday
\nthat the figure was an \"initial estimate from talks with
\nmultilateral and bilateral agencies\".<\/p>\n
She said that the estimated size of the loan to be committed
\nby the World Bank was $1.5 billion, the Asian Development Bank
\n$1.2 billion, the Islam Development Bank $200 million, Japan
\n$1.62 billion, Australia $80.1 million, Spain $70 million, and
\nGermany $51.1 million.<\/p>\n
The government is set to meet with CGI donors on July 27 and
\nJuly 28 in Paris, where lenders are expected to give their loan
\ncommitments for the crisis-hit country.<\/p>\n
Coordinating Minister for Economy, Finance and Industry
\nGinandjar Kartasasmita said earlier that Indonesia may not be
\nable to get loan commitments to equal last year's $7.9 billion,
\ndue to loan exposure of several donors that have reached their
\nlimits, particularly the World Bank and the Asian Development
\nBank.<\/p>\n
Meanwhile, several non-governmental organizations (NGO),
\ngrouped in the International NGO Forum on Indonesian Development
\n(INFID), called on the government and the World Bank to delay the
\nJuly 27 donors meeting until Indonesia has a new government.<\/p>\n
INFID chairman Zoemrotin K. Soesilo said in a statement sent
\nto The Jakarta Post on the weekend that the current
\nadministration had no legitimacy to proceed with the donors
\nmeeting.<\/p>\n
Indonesia held its general election on June 7. Provisional
\nelection results showed that the Indonesian Democratic Party of
\nStruggle held a commanding lead over the ruling Golkar Party. A
\nnew government is expected to be formed in November.<\/p>\n
INFID also opposed the meeting because the agenda did not
\ninclude discussions of corruption and leaking of international
\naid in Indonesia.<\/p>\n
The NGO forum also lambasted the government and the World
\nBank, the head organization within CGI, for their lack of
\nseriousness in dealing with the misappropriation of international
\naid.<\/p>\n
\"We demand that the World Bank and the government include ...
\nthe issue of leakages in international loans and social safety
\nnet funding in the agenda,\" Zoemrotin said.<\/p>\n
The social safety net fund is a multibillion-dollar fund
\nprovided mostly by the international community to help the
\ncountry's poor population survive the devastating economic
\ncrisis.<\/p>\n
But a large amount of the welfare fund is believed to have
\nbeen abused or misused by officials. (rei)<\/p>",
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"sponsor": "Okusi Associates",
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