Embassy of Indonesia - Ottawa Canada April 25, 2007 

 BI maintains monitoring foreign loans to avoid over exposure

JAKARTA (Antara): Bank Indonesia would continue maintaining Indonesia's fiscal resilience in anticipation of possible over exposure of Indonesian economy by foreign parties by monitoring all foreign loans as many private companies are eying foreign financing schemes.

"This matter will affect our payment balance. This will also influence our credibility. Thus we have to monitor them (foreign loans)," Governor of Bank Indonesia (BI) Burhanuddin Abdullah said after a limited coordination meeting on the exposure of the Indonesian economy Monday.

The meeting which was attended by all the monetary and fiscal decision makers had yet to decide whether the foreign commercial loan coordination team which was formed under the presidential decree no.39/1991 would be continued or not, he said.

"The discussion at the meeting is still at the early stage. The question is whether or not the team would be continued," the governor said.

Burhanuddin said the meeting did not discuss limitation of borrowings by the private sector including state-owned companies.(***)




 

 Source :  The Jakarta Post