After four months’ delay of the loan tranche (worth US$400 million) from the International Monetary Fund (IMF) and the increasingly obscured direction of Indonesia’s economic recovery, negotiating teams from the Indonesian government and the IMF are now prepared to review the Letter of Intent (LoI). When the IMF team arrived in Jakarta last Tuesday, the rupiah’s exchange rate rose by 68 points to 10,780 per US dollar. By analogy