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September 24, 2003
With the purpose of building up
self-government of Indonesia economy, the Government of Indonesia has
decided to conclude the IMF Program at the end of 2003 and enter the new
phase of Post Program Monitoring. Accordingly, in 2004 and beyond the
Government will only have limited access to IMF liquidity support and will
not have access to debt rescheduling through the Paris Club. The most
critical issue post IMF Program is to meet the financing gap of government
budget. With regard to meet the financing gap, besides the current source
of funding from privatization and selling of assets under the Indonesian
Banking Restructuring Agency (IBRA), the Government also prepares to come
back to international capital market after a long period of hiatus. For
that reason, the Government is conducting Non Deal Road Show in Dubai
(September 21-22, 2003), New York (September 25, 26, 2003) and London
(September 29, 30 2003).
The Non Deal Road Show is aimed to support the Government plan regarding
the increasingly access to the overseas bond market as well as to
invigorate communication with investors, creditors and rating agencies in
order to renewed investors confident to Indonesia.
The Indonesian delegation will be comprised of Bank Indonesia, Ministry of
Finance and Investment Coordinating Board.
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