INDONESIA: INTERNATIONAL MONETARY FUND OPTIMISTIC THAT DEAL ON ECONOMIC REFORMS WITH INDONESIA CAN BE STRUCK

Record ID: 646942

  • Title: INDONESIA: INTERNATIONAL MONETARY FUND OPTIMISTIC THAT DEAL ON ECONOMIC REFORMS WITH INDONESIA CAN BE STRUCK
  • Date: 20th August 2001
  • Summary: (U2)JAKARTA, INDONESIA (AUGUST 20, 2001) (REUTERS - ACCESS ALL) 1. SV: ANOOP SINGH, IMF ASIA-PACIFIC DEPUTY DIRECTOR, GETTING OUT OF CAR AT FINANCE MINISTRY 0.07 2. SV'S: (SOUNDBITE) (English) SINGH SAYING: "We are talking about the programme. We'll need to find out, we haven't met the new team yet, so we're looking forward to that. We're going to find that all right now." (2 SHOTS) 0.25 3. TRACK: LAKSAMANA SUKARDI, STATE ENTERPRISES MINISTER, ENTERING FINANCE MINISTRY BUILDING 0.32 4. SCU: (SOUNDBITE) (English) LAKSAMANA SAYING: "We have to have an agreement before the Paris club. There should be because we have to make an agreement, that's why there coming here. (reporter asking: "Are you optimistic?") I think so, I'm very optimistic because the mood now is very good." 0.54 5. SCU: TELEVISION CAMERA OPERATOR 0.57 6. SCU: (SOUNDBITE) (English) LAKSAMANA SAYING: "Well, in the short term, I don't know, this is my personal viewpoint, I cannot represent my colleagues, but we have to concentrate on executing the existing agreement in the short term. (reporter asking: "So you can't say for sure whether there will be changes to the draft that was agreed by the previous cabinet?") If there is change, they will be minor changes, I think." 1.24 7. VARIOUS OF LAKSAMANA SUKARDI SURROUNDED BY REPORTERS (2 SHOTS) 1.38 8. SV: MEDIA IN LOBBY OF FINANCE MINISTRY 1.42 9. SV: ANOOP SINGH AND LAKSAMANA SUKARDI TALKING TO EACH OTHER 1.50 10. TRACK: (SOUNDBITE) (English) SINGH SAYING: "I told you, we'll meet on the budget tomorrow... We'll meet on the privatisation issue Wednesday." 2.08 11. MV: SINGH WALKING TO CAR SURROUNDED BY MEDIA 2.11 12. SCU: SINGH GETTING INTO CAR SAYING "We are here for this week. For one week." 2.20 13. PAN: CAR LEAVING 2.26 Initials Script is copyright Reuters Limited. All rights reserved
  • Embargoed: 4th September 2001 13:00
  • Keywords:
  • Location: JAKARTA, INDONESIA
  • Country: Indonesia
  • Reuters ID: LVA7SQDQ5UPO7QMMOZDYGJOMKJUD
  • Story Text: The International Monetary Fund has said it was
    optimistic that a deal on economic reforms with Indonesia would
    be struck, but denied a minister's remarks that agreement
    would be reached by Thursday.



    Anoop Singh, IMF Asia-Pacific deputy director, led a
    mission into Jakarta late on Sunday (August 19) aimed at
    reviving a 5 billion U.S. dollar programme and will meet
    Indonesia's new economics team.

    The two sides are expected to agree on a pact largely
    based on draft reforms drawn up under the previous government.

    Frustrated with that government's lagging reforms, the IMF
    halted new loans last December but has already praised the new
    economics team's focus on reviving the economy, prompting
    analysts to see few obstacles in the way of an agreement.

    The mood remained optimistic as the two sides went into
    their first meeting on Monday (August 20).

    "We are talking about the program. We'll need to find out,
    we haven't met the new team yet, so we're looking forward to
    that. We're going to find that all right now," Sing said upon
    his arrival at the Indonesian finance ministry.

    Vital to showing investors that Indonesia's economic
    restructuring is moving ahead, the letter of intent covering
    fresh reforms must also be in place before official creditors
    under the Paris Club can reschedule part of 5.8 billion U.S.

    dollars in debt.

    "We have to have an agreement (about the letter of intent)
    before the Paris club.There should be because we have to make
    an agreement, that's why there coming here. (reporter asking:
    "are you optimistic?") I think so, I'm very optimistic because
    the mood now is very good," said Laksamana Sukardi, Indonesian
    state enterprises minister.

    "Well, in the short term, I don't know, this is my
    personal viewpoint, I cannot represent my colleagues, but we
    have to concentrate on executing the existing agreement in the
    short term. (reporter asking: "so you can't say for sure
    whether there will be changes to the draft that was agreed by
    the previous cabinet?") If there is change, they will be minor
    changes, I think," said Laksamana Sukardi.

    The meetings are scheduled for one week and will cover a
    wide range of topics.

    "I told you, we'll meet on the budget tomorrow... We'll
    meet on the privatisation issue Wednesday," said Singh after
    the initial meeting.

    Signing a fresh pact of reforms would open the way for the
    IMF to release a 400 million U.S. dollar loan from the 5
    billion U.S. dollar programme.

    The IMF's executive board is expected to meet in early
    September to discuss the 400 million U.S. dollar loan.


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