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Home >> Business
UPDATED: 16:38, June 05, 2006
Indonesia plans to borrow 4 billion USD in 2007
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The Indonesian government plans to borrow 4 billion U.S. dollars from international creditors in 2007, Finance Minister Sri Mulyani Indrawati said Monday.

Speaking in a hearing with the House of Representatives, the minister said the external debts consist of a program loan worth up to 1.1 billion dollars, a project loan worth between 2.3 billion dollars and an export credit facility worth 0.6 billion dollars.

The loans are expected to come from the Asian Development Bank (ADB) and the World Bank (WB), she was quoted by the Antara news agency as saying.

She said the government has targeted to repay the principals of its external debts amounting to 5.99 billion dollars and the interest rates worth 2.88 billion dollars.

In the meantime, Indonesia is also planning to repay all of its debts to the International Monetary Fund (IMF) amounting to 7.8 billion dollars.

Bank Indonesia Governor Burhanuddin Abdullah said Saturday Indonesia would soon repay its debts to IMF and it is expected that it would have been paid off in 2007.

Abdullah said the government would pay 3.9 billion dollars of its debts this year and hoped that the remaining 3.9 billion dollars would be repaid in 2007.

Source: Xinhua

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