International Monetary Fund deputy managing director Stanley Fischer will meet with President Suharto this morning to work out final details of a fresh IMF bailout package. Mr Fischer, who arrived in Jakarta last night, said amendments had been made to the US$43 billion package and talks to restart the programme were nearing a conclusion. 'When the letter of intent is published, it will be seen that detailed measures have been taken,' Mr Fischer said, referring to a document expected to be issued by Indonesian authorities when the talks finish. He would not elaborate on what changes had been made or when a new deal would be struck. Sources say tomorrow has been provisionally ear-marked. 'The negotiations have gone well,' Mr Fischer said. 'We are nearing the conclusion.' Mr Fischer dismissed speculation that the new package would be a watered down, more flexible version of the second deal signed by Mr Suharto on January 23 in light of the country's escalating economic difficulties. One difference, he said, would be the inclusion of clearer details on implementation and better monitoring checks. IMF and Indonesian Government negotiators are believed to have agreed on more realistic and far gloomier economic forecasts for the country for this fiscal year, based on an average rate of 6,000 rupiah to the US dollar for the year. This includes gross domestic product shrinking 5 per cent, inflation rocketing to around 45 per cent, a budget deficit of about 3.5 per cent, but an improved current account surplus of 3 per cent of GDP, according to sources close to the negotiations. These latest figures are closer to private sector forecasts but are still seen by some analysts as overly optimistic. Private sector soothsayers have been projecting negative GDP growth of 7 per cent to 10 per cent and an annual inflation rate of up to 70 per cent. In particular, the projected average rupiah rate is a long way off its recent free market rate of about 8,500 rupiah. The IMF deal is believed to include projected average oil revenues for the year at US$16 per barrel, down from an earlier forecast of $17. However, with the current market price at about $13 and a strengthening of international oil prices amid a worldwide move to cut quotas, the $16 target is seen as possibly achievable. Less realistic, in some analysts' eyes, is the projected 3 per cent current account surplus. Imports are expected to continue their downward trend, but a hoped-for surge in exports has not materialised.