Jakarta – Indonesia will not follow Argentina and halt its payment on the nation's public debt, top economic minister Dorodjatun Kuntjoro-Jakti said Monday.

When was asked by journalists whether Indonesia had any plans to halt its repayment of its 70 billion-dollar public debt, Kuntjoro-Jakti said: "No". He declined to comment further but said the country would continue to honor its commitment with the International Monetary Fund, which is coordinating some five billion dollars in aid to help the country overcome its current economic crisis in return for reforms.

Indonesia's foreign debt currently stands at 140 billion dollars, 70 billion dollars of which are government debt. On Sunday, Argentina declared it was halting payments on its 132 billion dollar public debt, the biggest default in history.