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Reducing Debts with Bonds

Tuesday, March 13, 2001

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.

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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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