Waiting for Green

The IMF has sent a team to recheck the letter of intent. Perhaps the restructuring of IBRA's debts will determine if Indonesia passes the test.

April 3, 2001

Like a fighter about to hit the canvas, Indonesia has been saved by the bell. Take a look at the first-quarter figures for this year. Just at the time when the economy was on the brink of crisis, several donor countries suddenly came forth with the long-awaited loans. Last week, Japan poured out ¥41 billion, or about US$333.5 million, to fund construction of a multiple-line electric railway on Java's main train routes. The funds constitute pa...

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