Japan to fulfill commitment to CGI<\/p>\n
JAKARTA (JP): A Japanese special envoy confirmed here
\nyesterday that his country would be fulfilling its commitment to
\nthe Consultative Group on Indonesia (CGI) this year.<\/p>\n
Speaking to reporters after meeting President Soeharto,
\nHirabayashi Hiroshi, special envoy of Japanese Prime Minister
\nRyutaro Hashimoto, said that Japan will provide at least the same
\namount it gave last year.<\/p>\n
The World Bank-chaired group, which will hold its meeting in
\nParis on June 18 to 20, committed US$5.36 billion in financial
\naid to Indonesia last year.<\/p>\n
Japan, the largest creditor in the CGI, provided 187.6 billion
\nyen (US$2.14 billion at the rate of 87.5 yen per dollar) last
\nyear.<\/p>\n
\"Indonesia and Japan have a good relationship. There is no
\nproblem between us,\" said Hiroshi, who is also the Chief Cabinet
\nCouncillor at the Japanese External Affair Department.<\/p>\n
Hiroshi was responding to questions about Indonesia's
\n\"national\" car policy, which has been sharply criticized by the
\nJapanese government and automobile companies, labeled as unfair
\nand discriminative.<\/p>\n
In February, the Indonesian government announced its national
\ncar policy, which provides tariff and tax breaks to PT Timor
\nPutra Nasional, owned by President Soeharto's youngest son Hutomo
\nMandala Putra.<\/p>\n
This company will produce the \"Sephia\" sedan, using the local
\nbrand name of Timor, in cooperation with Kia Motors Corp. of
\nSouth Korea.<\/p>\n
Asked whether he and President Soeharto discussed this issue
\ncar, Hiroshi said, \"We didn't talk about it.\"<\/p>\n
\"I didn't have to discuss it with the President because the
\nissue is being dealt with in bilateral negotiations,\" he said.<\/p>\n
He said that his visit here was mainly aimed at discussing the
\naspirations of developing countries like Indonesia, which his
\ncountry would be presenting to the Group of 7 meeting later this
\nmonth.<\/p>\n
The CGI -- Indonesia's creditor consortium -- groups
\nAustralia, Austria, Belgium, Britain, Canada, Denmark, Finland,
\nFrance, Germany, Italy, Japan, New Zealand, Norway, South Korea,
\nSpain, Sweden, Switzerland, the United States, the Kuwait Fund
\nfor Arab Economic Development, the Saudi Fund for Development,
\nthe Nordic Investment Bank and the Islamic Development Bank. (13)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/japan-to-fulfill-commitment-to-cgi-1447893297",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}