Further IMF injection for Jakarta
(Indonesia) - Better performing Indonesian financial markets and improved confidence among major creditors, are to receive further stimulus from the IMF's approval of a new loan tranche.
Further longer term gains for the Indonesian markets, however, depend on continuing reform progress particularly in the areas of privatisation and bank restructuring, along with results of a forthcoming meeting of Indonesia's private creditors under the "London Club".
The IMF's current approval is for a US$347 million loan tranche for Indonesia and the waiving of several conditions under the US$4.6 billion loan programme.
Rating agency Moody's Investors Service has also just lifted its outlook on the country to positive in some key financial ratings areas.
The IMF's current approval is for a US$347 million loan tranche for Indonesia and the waiving of several conditions under the US$4.6 billion loan programme.
Rating agency Moody's Investors Service has also just lifted its outlook on the country to positive in some key financial ratings areas.
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