Hard Times

The rupiah is falling, negotiations with the IMF are stalling and the 2001 state budget is up for a painful revision.

May 1, 2001

Negotiations with the International Monetary Fund (IMF) have yet to bear fruit. Except for an agreement on the deficit level of the 2001 state budget, set at a maximum 3.7 percent of GDP, there is nothing more to crow about. Just before flying back to Washington on Tuesday, IMF negotiators left a message urging the House of Representatives (DPR) and the administration of President Abdurrahman Wahid to work out an urgent revision of the 2001 st

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