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To: John Hunt who wrote (15666)	5/9/1998 8:56:00 AM
From: John Hunt	of 18056

Indonesia debt talks complicated by unrest biz.yahoo.com << Finance Minister Fuad Bawazier told Reuters in Washington that Indonesia would stick to the terms of its loan agreement with the International Monetary Fund (IMF), but said political unrest could slow the reform package. Some bankers involved in the debt talks said negotiations may have to enter a new round, with another meeting possibly taking place in Germany in the summer. One of the most contentious issues appeared to be the length of a possible postponement of Indonesian debt repayments, according to sources close to the negotiations. Jakarta has been calling for a four-year deferment of debt repayment, considered too long by some banks. A banking source also said that pegging a rate for the Indonesia rupiah was also holding back an agreement. The original framework for the debt talks had called for a fixed rate of 5,000 rupiah to the dollar, compared with the current market rate of around 9,000. >> :-)) John

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