IMF approval seen this week

IMF approval seen this week

BRUSSELS (Dow Jones): International Monetary Fund Indonesia Representative John Dodsworth Monday said that he expects the IMF to approve a $400 million tranche of a $5 billion loan to Indonesia this week.

He expects that the IMF will start disbursing the funds this June.

Dodsworth said that IMF officials are currently discussing the tranche in Washington and should come to a positive decision this week.

"I hope that in the next few days that it will go along," he said. "I don't anticipate any problems," Dodsworth said at a press conference in Brussels.