Kosgoro urges govt to follow IMF measures<\/p>\n
JAKARTA (JP): The Kosgoro cooperatives movement, one of the
\nfounding seven organizations of Golkar, urged the government
\nyesterday to follow all the suggested measures set by the
\nInternational Monetary Fund (IMF) to help overcome the monetary
\ncrisis.<\/p>\n
\"The Indonesian government must fulfill all the requirements
\nestablished by the IMF, as long as they don't impinge the
\nnation's sovereignty,\" said Kosgoro in a statement, read out by
\nits chairman Bambang W. Soeharto.<\/p>\n
Speaking at a media briefing here yesterday, Bambang said the
\nUS$43 billion IMF rescue package should be used for the benefit
\nof the majority of people.<\/p>\n
\"The IMF package should not add to the already mounting
\nIndonesian foreign debt and must be used to finance all projects
\nwhich can provide direct benefits to the people,\" he said.<\/p>\n
He also called for a fair, accurate and transparent
\nrescheduling of less productive development projects.<\/p>\n
Bambang said the monetary crisis should be considered the
\nstarting point to correct all national development concepts and
\nstrategies.<\/p>\n
\"As a nation, we have to remain optimistic that we can restore
\nand improve our economy,\" he said.<\/p>\n
Bambang said political reform was necessary but did not
\nelaborate on how or when it should occur.<\/p>\n
When asked if political reform meant a change in national
\nleadership, Bambang replied: \"Yes, but it should only occur after
\nthe general meeting of the People's Consultative Assembly.\"<\/p>\n
He added the government should include political experts along
\nwith those from other fields in a national discourse, discussing
\nways to overcome the crisis and anticipate further monetary and
\neconomic disorder.<\/p>\n
\"All those experts will therefore feel responsible for
\nendeavoring to restore the nation's economy,\" he said.<\/p>\n
Bambang urged the government to control and stabilize the
\nextreme price hikes of basic commodities.<\/p>\n
He also urged the government to take firm action against
\nspeculators, who were hoarding goods to gain from a higher price
\nat a later date.<\/p>\n
In an effort to strengthen the rupiah, Kosgoro urged
\nbusinesses with their money in dollars to sell them and buy
\nrupiah.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/kosgoro-urges-govt-to-follow-imf-measures-1447893297",
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