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World Bank exposure to approaching limit

Source
AFX-ASIA - March 10, 1999

Jakarta – The World Bank's exposure to Indonesia is approaching its limit of 13.5 bln usd for a single large borrower, reducing the scope for additional lending in the next few years, the bank said in an interim assistance strategy document.

The document said that, taking into account a base case lending scenario of about 4.9 billion usd in the years to March 1998 to 2000, "Indonesia is expected to approach close to the bank's concentration limit of US$13.5 billion for a single large borrower..."

"This scenario therefore limits the scope for additional lending in future years to about US$1.2-1.3 billion a year," the bank said.

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