IFC to meet Susilo over investment

IFC to meet Susilo over investment

JAKARTA: International Finance Corporation (IFC) executive vice
president Peter Woicke is scheduled to meet President Susilo
Bambang Yudhoyono, Minister of Finance Yusuf Anwar and other
members of the economic team during his visit to Jakarta from
Oct. 28 to Oct. 29.

The IFC is the investment arm of the World Bank.

Woicke's visit will strengthen the IFC's commitment in
supporting the new government to improve the local investment
climate and promote sustainable development of the private
sector, said a press release received by The Jakarta Post on
Tuesday.

Woicke, who is also World Bank managing director, is to launch
the bank's World Development Report 2005, A Better Investment
Climate for Everyone, and discuss issues relevant to the country.

The report suggests that governments improve their investment
climate by reducing policy-related risks and costs, as well as
competition barriers faced by enterprises. -- JP