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THE WHITE HOUSE

Office of the Press Secretary

For Immediate Release February 23, 1998

STATEMENT BY THE PRESS SECRETARY

Walter Mondale to Visit Indonesia

The President has been closely following developments in Asia, including Indonesia, in the wake of financial instability in some countries of that region. He has spoken with President Soeharto several times, indicating his concern with the economic and political situation in Indonesia. The President has also stressed that strong, demonstrable commitment to full and sustained implementation of the economic reforms agreed to with the International Monetary Fund offers the best prospects for restoring Indonesia's financial stability.

The President has asked former Vice President Walter Mondale to travel to Jakarta as his personal representative for further discussions with President Soeharto and other Indonesian officials on the situation facing that country. Mondale will depart February 28, accompanied by officials from the Departments of Treasury and State.