LONDON, Jan. 10 (Xinhuanet) -- Visiting Indonesian Foreign Minister Hasan Wirayuda said here Monday that more debt relief is needed for Indonesia as his country "does not want other programs to be affected" by the losses caused by the tsunamis.
Indonesia is asking the Paris Club of creditor nations "not only to look at the problem that we are facing in Aceh, but to look at the much larger picture," said Wirayuda, who held talks earlier in the day with British Prime Minister Tony Blair, Foreign Secretary Jack Straw and Chancellor of the Exchequer Gordon Brown.
"We are focusing on the rehabilitation and reconstruction of Aceh...At the same time, with the assistance of many friendly countries we hope that our existing national programs and priorities will not be affected," Wirayuda told reporters at a joint news conference with Straw.
Wirayuda declined to give a specific figure on the amount of debt relief his government seeks, saying only that the government allocates 50 percent of the budget for debt servicing. "It tells you a lot about the situation we are facing," said the foreign minister.
World Bank figures show Indonesia has an external debt of about132 million US dollars.
Finance ministers of the Group of Seven (G7) industrialized nations have agreed to a Paris Club moratorium on debt repayments for countries devastated by the Indian Ocean tsunamis which killed more than 100,000 people in Indonesia's Aceh province alone.
The G7 countries, all members of the 19 permanent Paris Club members, agreed Friday to present the moratorium to a meeting of Club countries on Jan. 12 in Paris. Enditem |