Vive La France!
Tuesday, April 16, 2002
Indonesia succeeded in getting its debt rescheduled to the tune of US$5.74 billion over 20 years, at the Paris Club III meeting. So why is the government still being criticized?
arsip tempo : 173506566144.
The journey halfway across the world, from Jakarta to Paris, was not in vain. The creditor countries that are members of the Paris Club eventually agreed to allow Indonesia to reschedule US$5.74 billion of its foreign debt. This covers US$5.3 billion of debts that will soon fall due, the repayment of US$400 in private bonds guaranteed by the government, and US$40 million in the form of debt swaps.
The extended terms of the debt rescheduling
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