Indonesia is looking for additional financing of four to $6 billion to complement a $40-billion international aid package arranged last year by the IMF.

Following a meeting here with IMF officials, Indonesian coordinating minister of the Economy Ginanjar Kartasasmita told reporters: "With regard to the IMF board meeting, they assured me it would be done next week."

He said a date for the meeting had not been set. The official said he expected the IMF to endorse not only the additional $4-6 billion, which would be provided by bilateral and multilateral creditors, but the release of another $1 billion in IMF money already approved for Jakarta.

IMF assistance was suspended in mid-May in the midst of political and social turmoil ahead of the resignation ofPresident Suharto.

But the door to a resumption in aid was opened on June 25 when Indonesia and the Fund announced a new agreement that established revised economic targets and committed Jakarta to allowing international audits of certain state-owned companies.

The IMF's participation in the rescue effort totals nearly $10 billion, of which some $4 billion has been released to date.

Ginanjar was speaking here after conferring with creditors in New York on plans to reschedule private debts owed abroad by Indonesian financial institutions and corporations.

Additional sessions are scheduled in Paris, Frankfurt, Tokyo, Seoul and Singapore.

"Our most urgent priority is to stabilize the economy," Ginanjar said."We're not thinking about growth ... We want to stop the downslide."

He said it was essential to establish a social safety net for the estimated 80 Million Indonesians -- 40 per cent of the population -- who now live in poverty because of the economic breakdown in the past year.