Reducing Debts with Bonds

The government insists on issuing bonds guaranteed by Natuna gas sales. It will explain the matter at length to the World Bank to avoid a misunderstanding.

March 13, 2001

In comparison with a peace-loving and hospitable government, the Abdurrahman Wahid administration tends to adopt a bold policy and, if necessary, pursue brinkmanship. While its friction with the International Monetary Fund (IMF) has not eased off yet—as indicated by the deferred US$400 million loan—another problem has arisen with the World Bank. This is due to the government's intention to offer bonds with a guarantee of West Natuna ga

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