Not a Mission Impossible

Bank Indonesia must bear Rp24.5 trillion in BLBI debts. How?

November 27, 2000

Some say that whether Bank Indonesia (BI) or the government repays the Bank Indonesia Liquidity Support (BLBI) debt of RP24.5 trillion, it will have the same implications. At the end of the day, who else but the tax-paying public will bear the burden? However, the BLBI problem is not that simple.

First of all, Rp24.5 trillion is not a small amount. It’s equivalent to 10 percent of the proposed state budget for 2001, which reaches Rp24

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