|
|
Article: IMF: INDONESIA MUST START PAYING LOANS
- Article from:
- United Press International
- Article date:
- February 13, 2002
CopyrightProvided by ProQuest LLC. (Hide copyright information)
|
00-00-0000
IMF: Indonesia must start paying loans
SINGAPORE, Feb 13, 2002 (United Press International via COMTEX) --
International Monetary Fund officials Wednesday gave Indonesia a
thumbs-up on its macroeconomic policies and a thumbs-down on its fiscal
recovery prospects.
Indonesia's government must recover some of the $13 billion it spent
to bail out former bank owners during the Asian financial crisis in
1997, IMF officials said in a statement. Indonesia also must recover
more than $20 billion in bad loans local banks transferred to a government
agency, if the country is to meet its 2002 budget targets with the
IMF, officials said.
"The (IMF) looks forward to the ...