JAKARTA, Nov. 7 (Xinhuanet) -- The International Monetary Fund (IMF) is due to start its final review of Indonesia's economy and reform programs on Friday, an Indonesian official said.

    Finance Minister Boediono was quoted Friday by the Jakarta Postdaily as saying that he would meet a visiting IMF team Friday, as part of discussions that are expected to last until next week.

    He did not elaborate on the issues to be discussed, but said they included a review of the country's economic programs implemented last year.

    The upcoming review will also be the 11th to be conducted under the ongoing four-year and 5.12-billion-US-dollar loan program withthe IMF.

    Indonesia signed into the IMF loan program in 1999 after the 1997-1998 economic and banking crisis in Asia. In return for the loans, the country must develop and implement quarterly economic reform programs under a Letter of Intent (LoI), which must be approved by the IMF board of executives in Washington.

    Up to now, Indonesia has received 4.7 billion dollars, and if the 11th LoI is approved, the IMF will disburse the remaining tranche of almost 500 million dollars.

    The government has decided not to extend its contract with the IMF when it expires at the end of this year, and has instead outlined its own reform program and economic targets in a documentcalled the White Paper.

    Consisting of a set of action targets to be met in the next 18 months, the White Paper has won praise from various parties, including the IMF.

    In its latest loan disbursement in October, IMF first deputy managing director Anne Krueger said, "The government's detailed 'White Paper' laying out the economic strategy will play an important role in maintaining investor confidence after Indonesia's graduation from the current IMF program."

    The expiration of the current program not only means that the country will no longer receive financial assistance from the IMF, but also that Indonesia will no longer be eligible for debt rescheduling facilities from the Paris Club of creditor nations. Enditem