Indonesian Political, Business & Finance News

A speedy end to the crisis?

| Source: JP

A speedy end to the crisis?

Considering the results achieved at the APEC Economic Leaders
Meeting (AELM) in Vancouver -- particularly in relation to
efforts to surmount the monetary crisis which is at present
engulfing several APEC countries, including Indonesia -- there
appears to be reason to be optimistic that the turmoil which
began in July this year can be ended before very long.

The Vancouver declaration, among other things, designates 1997
as the APEC Year of Action to speed up liberalization in trade
and investment as a follow-up to the Manila Action Plan for APEC
(MAPA). For Indonesia, this means that the efforts that are now
being made to overcome the present monetary crisis must also
serve as a starting point for taking follow-up actions related to
MAPA.

Finally it seems that, after the Vancouver Declaration, there
is no choice for Indonesia but to intensify our economic
reformation efforts so that we will be able to reap the greatest
possible benefits.

-- Suara Karya, Jakarta

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