The World Bank is ready to coordinate international humanitarian aid for Indonesia, hoping to relieve shortages of food and medical supplies brought on by that country's economic crisis.
World Bank spokesman Klas Bergman said the bank has been studying the growing needs in Indonesia and considering the best way to handle its requirements for food and other goods."The World Bank is prepared to coordinate this effort of looking at the food and medical situation in Indonesia," Bergman said Saturday. "We are moving ahead as speedily as possible."
Meanwhile, Treasury Secretary Robert Rubin stressed Saturday the importance of American financial support for the International Monetary Fund, the World Bank's sister organization, to ensure global economic stability. The IMF is handling a $43 billion Indonesian rescue package.
"I think the IMF, in its work to restore financial stability in developing countries, is working basically to protect our economic interests, and it's critical that we support them," Rubin said on CNN's "Evans & Novak."
Indonesia's currency, the rupiah, has plunged more than 70 percent since last July.