Indonesian Political, Business & Finance News

Singapore PM Goh to meet Soeharto

| Source: AFP

Singapore PM Goh to meet Soeharto

JAKARTA (JP): Singaporean Prime Minister Goh Chok Tong is to
meet with President Soeharto here today to discuss the economic
crisis in Indonesia, it was announced yesterday.

"Mr. Goh will discuss with the President the Indonesian
financial crisis and the debtors/creditors forum in which a
Singapore banker will act as a facilitator," a statement from the
prime minister's office said.

The Singapore leader will also explore ways to help resolve
the problems Indonesian banks are facing in their trade
financing, added the statement made available to The Jakarta
Post.

Goh's last visit to Jakarta was on Jan. 13 as part of
emergency initiatives by, among others, the United States, the
International Monetary Fund and Singapore to halt Indonesia's
deepening economic crisis.

Singapore has pledged US$5 billion in standby loans to
Indonesia as part of a $43 billion rescue package led by the IMF.

Goh will return to Singapore tomorrow, the statement said.
(pan)

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