Bank Recapitalization

IBRAs injection of funds into banks has been assessed as wasteful. Repayments are lagging behind.

May 10, 2005

Harimau mati meninggalkan belang (bad luck for their arrogance) goes the Indonesian proverb. There are no such fond memories of the Indonesian Bank Restructuring Agency (IBRA), which closed its doors in February last year. At present, ten cases are being audited by the Supreme Audit Agency (BPK). Amongst them, the sale of credit assets, property, valuable certificates and divestment shares.

One which has been finalized is the audit of the recapita

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