A Big Decision Without Authority
Former Minister of Finance Rizal Ramli has signed an agreement to pay OPIC's claim worth US$260 million. Since Rizal has resigned and the agreement is not supported by the DPR, the legitimacy is questionable.
August 7, 2001
Rizal's term as Minister of Finance may have been short, only 40 days. However, within such a short time, Rizal managed to make a controversial decision. On Tuesday, July 31, with the US Ambassador to Indonesia, Robert Gelbard, Rizal signed an agreement to settle a claim by the Overseas Private Investment Corporation (OPIC) worth US$260 million or approximately Rp2.5 trillion. At the time the Cabinet had been stripped of power and no longer had
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