Regional Bonds Delayed Again?
The issuing of regional bonds is by no means an easy matter, especially bearing in mind that these can influence payments, exchange rates, interest rates and even inflation.
April 30, 2002
ALTHOUGH he is optimistic about soft loans from the International Monetary Fund (IMF), Indonesia's Minister of Finance, Boediono, is also worried about the plans of several regional governments to issue bonds. It seems that neither can be avoided. As the guardian of the government's fiscal gate, Boediono is on the one hand prepared to take on new debts, but on the other hand, has forbidden regional governments from emulating what he is doing.
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