IFC's RI debtors in trouble<\/p>\n
WASHINGTON (Bloomberg): Sixty percent of the 42 companies in
\nIndonesia that have borrowed money from the International Finance
\nCorp, the World Bank's private lending arm, are in financial
\ndifficulty, the Asian Wall Street Journal reported Friday,
\nquoting executives of the Washington-based lender.<\/p>\n
Of the 20 percent of IFC's Indonesian borrowers that are
\nexperiencing serious difficulties, there is a ``high likelihood''
\nthat the IFC will never be repaid, said Rashad Kaldany, director
\nof IFC's South Asia and Southeast Asia department.<\/p>\n
The IFC's total portfolio in Indonesia amounts to $1 billion
\nof equity investments and loans, including about $500 million
\nlent by commercial banks under the IFC's name.<\/p>\n
The IFC's fiscal 1998 profit fell to $246 million from $432
\nmillion a year earlier as the lender increased its provisions for
\nlosses from loans to troubled emerging markets.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/ifcs-ri-debtors-in-trouble-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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