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)