IBRA: The Sequel

Is IBRA planning to establish a savings guarantee agency, or is this just the personal ambition of one official?

November 12, 2002

Not too long ago, the idea of forming a savings guarantee agency (SGI) was briefly mentioned by the Deputy Head of the Indonesian Bank Restructuring Agency (IBRA), Sumantri Slamet. This former idea now appears to be taking shape, as a plan has been put forth to establish an institution to guarantee the savings of bank accountholders. This institution would assume the functions of the present blanket guarantee scheme, which would be dismantled

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