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Indonesia to seek US$4 bln standby loan for food crisis
07 Feb, 2012 13:01:34
JAKARTA, Feb 7 (Asia Pulse) - Indonesia needs a standby loan of US$4 billion this year to ward off the impact of global and food crisis, the government said.
The contingency loan would be sought from a consortium of multilateral financial agencies or friendly countries, finance minister Agus D.W. Martowardojo said.

Rachmat Waluyanto, debt management director general, said so far Indonesia has received offer for a standby loan only from the World Bank.

Waluyanto said his office is preparing program to cope with possible food crisis to be financed with a standby loan, adding that an agreement is expected to be signed before the end of the first half of this year.
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