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Deferment Number Trois

Tuesday, April 16, 2002

Once again, Indonesia has received relief as regards its foreign debts, but what comes next? There has to be an integrated debt management and repayment program that must be properly implemented.

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The news from the Paris Club III meeting on Friday last week stated that Indonesia had managed to obtain 20-year debt rescheduling, with a grace period of eight years for the debts involved, totaling US$5.74 billion. This means there definitely is relief, most of all because the debts do not need to be repaid immediately. However, the actual result itself is not that much better than what was achieved at Paris Club I (1997), which granted th

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