Indonesia is scheduled to meet with 13 foreign creditor banks Wednesday to discuss restructuring about $70 billion in Indonesian private-sector debt.

Indonesian companies have run into increasing difficulties in repaying bank borrowings following a collapse in the country's currency last year. Indonesia's inability to fulfill conditions set by the International Monetary Fund for the release of some $43 billion in financial aid has been a major obstacle to starting productive talks with banks. Banking sources predicted that an Indonesian restructuring could take considerably longer to achieve than the $24 billion debt restructuring deal arranged for South Korea in February.

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