## Press Release: IMF Welcomes Indonesia's Decision to Repay Early its Outstanding Obligations to the IMF

_IMF News, October 6, 2006_

## Source details

**Canonical URL:** [Press Release: IMF Welcomes Indonesia's Decision to Repay Early its Outstanding Obligations to the IMF](https://www.imf.org/en/news/articles/2015/09/14/01/49/pr06215)

## Other formats

- [Markdown version](/en/news/articles/2015/09/14/01/49/pr06215/index.md)
- [Structured JSON version](/en/news/articles/2015/09/14/01/49/pr06215/index.json)
- [Bundle manifest](/en/news/articles/2015/09/14/01/49/pr06215/bundle-manifest.json)

## Bibliographic details
- Published: October 6, 2006

---

### Early Repayment Announcement
- On October 5, 2006, Indonesia announced that it will repay early its remaining obligations to the International Monetary Fund amounting to some SDR 2.2 billion (about $3.2 billion).
- The payment is expected to be made next week.

### IMF Reaction and Commentary
- Mr. John Lipsky, the First Deputy Managing Director of the IMF, welcomed the early repayment and commended the Indonesian authorities for their economic achievements over the last few years.
- Direct quote from Mr. John Lipsky: "Indonesia's ability to repay the Fund early reflects the strength of Indonesia's economic recovery and its strong balance of payments position. We look forward to a continued close relationship and broad dialogue with the Indonesian authorities on economic developments and policy issues."

### Background on Outstanding Obligations and EFF Arrangements
- The outstanding obligations were contracted under the Extended Fund Facility (EFF) arrangements during 1998-2003.
- Total drawings under the EFFs amounted to SDR 7.4 billion (about US$11.1 billion).
- The second EFF expired at end-2003.
- Under the original repayment expectation schedule, the final repayment of outstanding obligations would have taken place in December 2010.
- References in the press release point to News Briefs No. 98/31, No 99/13, and No. 02/7, and Press Release No. 00/4.

*Press Release No. 06/215, October 6, 2006.*

---


## References

- [Indonesia and the IMF](http://www.imf.org/external/country/IDN/index.htm)
- [Press Releases](https://www.imf.org/en/news/searchnews)
- [PRESS CENTER](http://presscenter.imf.org/)
- [No. 98/31](https://www.imf.org/external/np/sec/nb/1998/nb9831.htm)
- [No 99/13](https://www.imf.org/external/np/sec/nb/1999/nb9913.htm)
- [No. 02/7](https://www.imf.org/external/np/sec/nb/2002/nb0207.htm)
- [Press Release No. 00/4](https://www.imf.org/external/np/sec/pr/2000/pr0004.htm)
- [https://www.imf.org/en/home](https://www.imf.org/en/home)

_Source: https://www.imf.org/en/news/articles/2015/09/14/01/49/pr06215_