WORLD BANK CHIEF PLEDGES SUPPORT TO INDONESIA World Bank president Barber Conable pledged the Bank's support to help Indonesia adjust to lower world oil prices, but said further deregulation of its protected economy was needed. Speaking to reporters after talks with President Suharto, he said he expected Jakarta to do more to liberalise the economy and deregulate trade policy. Indonesia, hurt by the fall in oil prices last year which cut the value of its crude exports in half, is the Third World's sixth largest debtor. It has received 10.7 billion dlrs from the World Bank in the past 20 years. Conable said the World Bank, which granted Indonesia a 300 mln dlr loan last month to help its balance of payments, was prepared to back Jakarta in taking the right steps to adjust to lower oil and primary commodity prices. "We are prepared to support those steps which we believe are consistent with the development of the Indonesian economy," he said. He said Jakarta's willingness to move quickly after last year's collapse in oil price saved Indonesia from some of the difficulties now faced by other countries. Indonesia devalued its currency by 31 pct against the dollar in September to avoid a balance of payments crisis, and has announced a series of measures since May intended to stimulate exports, encourage foreign investment and revitalise the economy. However, key monopolies in areas like steel and plastics and high tariff barriers remain in place. Conable arrived in Indonesia on Saturday and has since met 14 Indonesian cabinet ministers to review the country's borrowing needs and the impact of falling oil prices on the country.