RI foreign debt drops to US$131.7 billion: BI<\/p>\n
JAKARTA (JP): Indonesia's total foreign debt dropped to
\nUS$131.7 billion as of February this year, down from $133.7
\nbillion in January, the central bank reported yesterday.<\/p>\n
Bank Indonesia said the fall was mainly due to a $1.9 billion
\ndecline in non-bank private sector and state bank foreign
\nobligations, which decreased by $1.1 billion and $0.6 billion
\nrespectively.<\/p>\n
The decline in non-bank private sector overseas debt was
\nlargely due to a $0.8 billion reduction in foreign borrowing,
\nwhile the decline in state bank's foreign obligations was caused
\nby a $0.4 billion reduction in the commercial paper burden, it
\nexplained.<\/p>\n
The country's total overseas debt consists of $53.5 billion in
\ngovernment long-term debt, and $78.2 billion in debts held by the
\nprivate sector and state-owned companies, including $6.6 billion
\nin the form of commercial papers, BI said. (rei)<\/p>\n
Table: Indonesia external debt (As of February 28, 1998; in million US$)<\/p>\n
Total external debt 131,671.0<\/p>\n
I. Public Sector 65,395.5<\/p>\n
A. Government 53,465.0<\/p>\n
Of which IMF credit $3.0 billion<\/p>\n
B. State-owned enterprises 11,930.5<\/p>\n
1. State banks 6,059.5<\/p>\n
i. Bank credit 5,451.5<\/p>\n
ii. Domestic CP\/MTN\/FRN\/CD\/PN<\/p>\n
owned by non residents 608.0<\/p>\n
2. Non bank enterprises 5,871.0<\/p>\n
i. Bank credit 3,891.0<\/p>\n
ii. Domestic CP\/MTN\/FRN\/CD\/PN<\/p>\n
owned by non residents 1,980.0<\/p>\n
II. Private sector 66,275.5<\/p>\n
1. Private banks 8,554.5<\/p>\n
i. Bank credit 8,268.5<\/p>\n
a. Foreign owned banks 495.3<\/p>\n
b. Joint venture banks 4,042.4<\/p>\n
c. Domestically owned banks 3,730.8<\/p>\n
ii. Domestic CP\/MTN\/FRN\/CD\/PN<\/p>\n
owned by non residents 286.0<\/p>\n
2. Non-bank corporations 57,721.0<\/p>\n
i. Bank credit 53,947.0<\/p>\n
a. Foreign investment (PMA) 26,172.0<\/p>\n
b. Domestic investment (PMDN)<\/p>\n
and non-PMDN 27,775.0<\/p>\n
ii. Domestic CP\/MTN\/FRN\/CD\/PN owned<\/p>\n
by non residents 3,774.0<\/p>\n
- Government debt includes $10 billion SBI owned by non residents<\/p>\n
- CP : commercial paper<\/p>\n
- MTN: medium term notes<\/p>\n
- FRN: floating rate notes<\/p>\n
- CD : certificate of deposit<\/p>\n
- PN : promissory notes<\/p>\n
Source: Bank Indonesia<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/ri-foreign-debt-drops-to-us1317-billion-bi-1447893297", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }