Tension with the IMF

Indonesia is beginning to get used to being ‘punished’ by the IMF. It’s the adverse effects of the penalties we must now guard against.

February 20, 2001

A heated argument may make you fly into a temper but it may also make you feel relieved and think clearly. It is not unlikely that top officials of the International Monetary Fund (IMF) and coordinating minister for the economy Rizal Ramli will have this experience following their fervent discussions. Both sides are intellectuals, trained to keep their heads and avoid losing their temper.

The friction between Indonesia and the IMF, which has bee

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