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Antara, June 29 1999

Indonesian Currency : Rupiah To Strengthen Further - WB

Jakarta, June 28 (ANTARA) - The World Bank (WB) sees that the
rupiah will strengthen further so long as Indonesia's economic
reform program goes on the right track, its managing director,
Sven Sandtrom, said here Monday.

"I think the rupiah will go up so long as the government carries
out the economic reform program," Sandtrom said after a meeting
with President BJ Habibie.

He Said the World Bank will encourage programs that will support
Indonesia's economic recovery.

He also expressed his belief that the Consultative Group on
Indonesia  (CGI) will countinue to provide Indonesia aid on
schedule  and will not depend on who will become the country's
next president.

During his one-hour meeting wih the president, Sandtrom discussed
several aspects of the country's economic recovery.

"I also congratulated Habibie on the success his cabinet has
achieved in developing the economy," he added.

President Habibie was accompanied by Coordinating Minister for
Economy, Finance and Industry Ginandjar Kartasasmita, Finance
Minister  Bambang Subianto, Justice Minister/State  Secretary
Muladi, and National Development Planning Minister/Head of the
National Development Planning Board Boediono.

(T.PUS-01/NN-09/int-cl/17:01/ri2/19:36)

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Didistribusikan tgl. 1 Jul 1999 jam 06:12:05 GMT+1
oleh: Indonesia Daily News Online <[EMAIL PROTECTED]>
http://www.Indo-News.com/
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