Utang Agreement

Haryono said after a meeting with a number of SoE directors in the PCK building on Thursday (19/2) that there were differences in debt perceptions in each of the presidential administrations. During the New Order, debt (foreign loans) was considered income, he said. «We just want to pay for having to clarify some legal issues regarding the previous memorandum of understanding between PhilHealth management and the Philippine Red Cross,» Gierran said, referring to a few questions about procurement. kpk anticipates that Bappenas and the Ministry of Finance will provide an update on the funds that will not be used. Haryono will also ask how the management and context of the debt to the parties concerned. Why did he have to, but not? Why is there no credit strategy? Ask Haryono. The vision of the death of the Anti-Corruption Commission (CCP) does not seem to stop at corruption, as well as public procurement projects. Foreign debt is also under investigation by the anti-corruption commission. After taking the initiative to review the external debt of project loans from 1967 to 2005, KPK agreed with the Audit Board (BPK) to review a number of SOEs and departments. This has happened for decades, no one has touched, said Kpk`s vice president for prevention, Haryono Umar.

This debt settlement also presents difficulties due to the mismanagement and mismanagement of foreign debt by the Indonesian government itself. There are no contractual documents, but the payments must be paid. We`re paying for something that the supporting data is unreliable,» Haryono complained. Jakarta, 21 years old. January 2003 Provides «Debt Rescheduling» and «Special Yen Loan» to Indonesia 1. In order to support the Indonesian government`s efforts to strengthen the economy and social development, the Japanese government has decided to plan a debt restructuring within the framework of the Paris Club. In addition, the Japanese government has also granted a special loan to the yen to carry out the construction of the gas pipeline project in South Sumatra and West Java. A diplomatic note on this subject was signed on 21 January 2003 between Japanese Ambassador Yutaka IIMURA and Indonesian Minister of Economy Dorodjatun Kuntjoro-Jakti in Bali.

2. Summary of projects whose diplomatic notes were signed today. (1) Debt restructuring within the framework of the Parisian club. The Japanese government has reached an agreement with the Indonesian government on the details of the terms of debt restructuring, in line with the agreement reached at the Paris club`s meeting last April. Today`s agreement rescheduls over a period of 18 or 20 years the repayment of principal and interest on debts due or due between April 2002 and December 2003. The deal allows the Japanese government to reschedule its debt to a total of about $2.7 billion, about half of the total amount of about $5.4 billion $US rescheduled by the Paris club`s creditor countries. By rescheduling this debt, the Japanese government contributed up to about $1.5 billion to Indonesia`s financing needs for FY2003. (2) Special Loan Yen: South Sumatra-West Java gas pipeline project.

(Total loan amount: The project aims to build a gas pipeline linking South Sumatra to West Java and a gas distribution pipeline to West Java. The amount of natural gas transported by this pipeline is 7 million cubic meters per day (or 5.6 times the Tokyo Dome Stadium per day) and this natural gas is used by small and medium-sized enterprises, households, etc. in West Java. This project contributes to the reform of the energy sector in Indonesia, for example. B to energy conversion, which is encouraged by the Indonesian Government by liquefied natural gas substitutes for petroleum products. .