Media Releases
Published Date: 11 March 1998

Multilateral Trade Finance Guarantee for Indonesia

Singapore has not cancelled the plan to set up a multilateral trade finance guarantee facility for Indonesia. Singapore is still waiting for a reply from Indonesia's major trading partners and the multilateral financial institutions on the proposal. Singapore understands that uncertainty over Indonesia's compliance with the IMF measures and the creation of a proposed currency board system has held up replies from the countries concerned.