IFC executives due here

IFC executives due here

JAKARTA (JP): The vice president of the International Finance
Corporation (IFC), Jemal-ud-din Kassum, is due here today on a
three-day visit to consult with government and industry leaders
on initiatives to encourage private sector development.

The IFC's regional representative, Antonio H. David, said in a
statement yesterday that Kassum will be accompanied by the new
director for Asia, Peter Cook, South East Asia Division Manager
Harold Rosen and Asian capital market division manager Rashad
Kaldany.

In the 1994/1995 fiscal year the corporation provided US$385
million to Indonesia, consisting of US$158 million in long-
term loans, $34 million in equity participation and $193 million
in long-term syndicated loans.

David said the IFC has just approved a new investment in PT
Siloam Gleneagles Hospital, a joint venture between Lippoland of
Indonesia and Gleneagles Hospital of Singapore.

The IFC recently approved a long term loan for PT Panin
Overseas Finance, a multi-finance institution affiliated with
Panin Bank. (04)