Indonesian Political, Business & Finance News

Japan hails RI debt plan

| Source: JP
Japan hails RI debt plan

JAKARTA (JP): Japanese Finance Minister Hikaru Matsunaga said
yesterday the Japanese government welcomed the foreign debt
rescheduling deal signed by Indonesia and international banks
Thursday.

"We highly welcome this agreement which would help Indonesia
restore confidence of international markets in her economy and
currency," Matsunaga said in a statement sent by the Indonesian
office of Coordinating Minister for Economy, Finance and
Industry.

"As this agreement was achieved through the intensive
discussions of both parties, we would like to pay our best
respects to them for their efforts," the statement said.

"We will continue to extend utmost assistance to Indonesia in
close cooperation with the international institutions including
the International Monetary Fund, as well as the G-7 and other
countries.

"We hope the government of Indonesia will carry out the
economic reform effort steadily."
View JSON | Print