Delinquent Debtors' Dilemma
IBRA seems incapable of facing up to delinquent debtors and instead is offering to extend their debt repayment periods. Legal action isn't very promising either. The only person to have been put in prison so far is Bob Hasan.
January 22, 2002
After a total of three years, there has been little restitution of the Bank Indonesia Liquidity Assistance (BLBI) funding that totals Rp160 trillion. The recovery process that was formulated in the MSAA and MRNIA agreements—in other words outside the courts—apparently has lots of loopholes that have really been exploited by the delinquent debtors. As a result, the BLBI recovery rate is not even 15 percent, the government—which p
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