Mounting Pressure

Tension between the government and the International Monetary Fund (IMF) is escalating. If not immediately addressed, it could turn into an open conflict.

February 20, 2001

The disbursement of the IMF's US$400 million loan has been suspended. According to the schedule, it was due last December as part of its $5 billion commitment to Indonesia. Why is the IMF giving the impression of arrogance again? And what sin has Indonesia committed this time?

IMF officials seem concerned about three things: an amendment to the Bank Indonesia (BI) Law, sales of assets under the Indonesian Bank Restructuring Agency (IBRA) and f

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