No new loan request from RI

No new loan request from RI

TOKYO (Reuters): Japan has not been asked by the International Monetary Fund (IMF) to make additional loans to Indonesia, an official at the Ministry of Finance said yesterday.

"If needed, Japan will probably consider what it can do. But there has been no such request," the official, who did not want to be identified, told Reuters.

A report in Sunday's Japanese business daily Nihon Keizai Shimbun quoted international financial sources as saying that the IMF was likely to ask Japan to extend an additional $1 billion in emergency loans to Indonesia.

The paper said the aim of the loans would be to prevent the Indonesian government from being forced to defer repayment of its external debt.