Indonesia will propose talks on rollover risk of private debt in G20 summit, which will begin on April 2, Bisnis Indonesia daily quoted a state official as saying on Tuesday.

Indonesian Finance Minister Sri Mulyani Indrawati said risk faced by private sectors in emerging markets, including Indonesia, was due to inability of European and American banks in disbursing loans.

Private sectors need new loans to repay older debt, but they can not get these loans now because the American and European banks are facing financial crisis.

Anggito Abimanyu, the head of finance ministry's fiscal policy body, said many countries are concerned about how big their foreign exchange is needed to repay private overseas debt this year. The concern was due to prediction that foreign creditors would force the debtors to pay their overdue debt in this current crisis environment.

Indonesia's central Bank Indonesia noted that the foreign debt of Indonesia's private sector overdue in 2009 is as much as US$17.4 billion.

(Xinhua News Agency March 17, 2009)