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JAKARTA (JP): The government must immediately take steps to anticipate the plans by the World Bank to cut back its lending to Indonesia, an expert said.
Pande Raja Silalahi, an economist at the Centre for Strategic and International Studies (CSIS), said on Monday that foreign loans were still needed to plug the state budget deficit.
"The government must take steps to anticipate this," he told The Jakarta Post.
"The government has said the country must reduce its dependence on foreign loans, but so far no clear program has been disclosed," he added.
According to Dow Jones newswires, the World Bank planned to cut back the flow of finance to …