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Indonesia to Receive Debt Moratorium from Paris Club

The Indonesian government will receive a debt moratorium offer from donor countries of the Paris Club, by postponing US$2.6 billion debt payment for one year, an official said in Jakarta Monday.

"The debt moratorium offer will be taken, and we will think its payment, as it is the delay of debt payment, not an abolishment," Head of the National Development Planning Board Sri Mulyani Indrawati said at the parliament building.

Last Wednesday the Club decided to delay Indonesia's debt payment for US$2.6 billion for one year.

The decision was made after the International Monetary Fund (IMF) and the World Bank evaluated the damages in a number of countries hit by the Dec. 26 earthquake and tsunami.

Currently, Indonesia has US$48 billion of foreign debt to donor countries under the Paris Club.
 
(Xinhua News Agency March 15, 2005)

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Indonesia to Exclude Debt Moratorium in Tsunami Summit
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