A Program for the Poor
The World Bank has postponed the disbursement of a US$300 million loan to alleviate poverty. At Indonesia's request?
April 24, 2001
Indonesia has differing opinions not only with the International Monetary Fund (IMF) but also with the World Bank (WB). When the WB announced to the media that it was suspending the disbursement of a $300 million loan to alleviate poverty, Minister of Settlement and Regional Infrastructure Erna Witoelar was astonished by the reaction. "We were surprised," said Erna. Why? The announcement seemed to give the impression that it was the WB that had pos...