IFC executives due here<\/p>\n
JAKARTA (JP): The vice president of the International Finance
\nCorporation (IFC), Jemal-ud-din Kassum, is due here today on a
\nthree-day visit to consult with government and industry leaders
\non initiatives to encourage private sector development.<\/p>\n
The IFC's regional representative, Antonio H. David, said in a
\nstatement yesterday that Kassum will be accompanied by the new
\ndirector for Asia, Peter Cook, South East Asia Division Manager
\nHarold Rosen and Asian capital market division manager Rashad
\nKaldany.<\/p>\n
In the 1994\/1995 fiscal year the corporation provided US$385
\nmillion to Indonesia, consisting of US$158 million in long-
\nterm loans, $34 million in equity participation and $193 million
\nin long-term syndicated loans.<\/p>\n
David said the IFC has just approved a new investment in PT
\nSiloam Gleneagles Hospital, a joint venture between Lippoland of
\nIndonesia and Gleneagles Hospital of Singapore.<\/p>\n
The IFC recently approved a long term loan for PT Panin
\nOverseas Finance, a multi-finance institution affiliated with
\nPanin Bank. (04)<\/p>",
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"sponsor": "Okusi Associates",
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