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From Jakarta to Paris Club II

Tuesday, August 28, 2001

The government and the IMF have at last agreed on the Letter of Intent, meaning the door is now wide open for debt rescheduling at Paris Club II. But the government was forced to concede on several points, including having to issue bonds for account 502.

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THE marathon negotiation session with the team form the International Monetary Fund (IMF) certainly used up a lot of energy. But due to a high degree of cooperation and coordination—between ministers and senior officials at the central bank—as well as the amazingly hard work of Dorodjatun Kuntjoro-Jakti, Coordinating Minister for the Economy, the session produced what was in reality a fair result. As long as there are no last minute

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