PGI asks for RI debts relief

PGI asks for RI debts relief

JAKARTA: The Indonesian Communion of Churches (PGI) urged
Paris Club creditor countries on Tuesday to ease the country's
debt burden.

"PGI hopes the (Paris Club) meeting would give Indonesia some
debt relief or debt rescheduling for 25 to 30 years," PGI
chairman Rev. Natan Setiabudi said, referring to the club's five-
day meeting in Paris which began on Monday.

With the debt rescheduling, Indonesia would have a greater
chance to accelerate its economic recovery, he said.

Natan said he disagrees with short-term debt rescheduling as
it is only a quasi solution that would only result in a chronic
problem in the future.

He said PGI statement would be sent to the World Church
Council, the International Monetary Fund, World Bank and other
international financial organizations. -- Antara