Man on a Mission

In handling IBRA, Laksamana Sukardi stands a good chance success, if he is willing to take the advice of the finance ministry and gain the support of ad hoc commercial courts chaired by international judges.

August 21, 2001

On Monday last week, when the Gotong-Royong Cabinet had its first meeting, Laksamana, the newly installed State Minister of State Enterprises, was assigned to take care of the Indonesian Bank Restructuring Agency (IBRA). This unexpected decision led to perplexity as IBRA had always been under the finance minister. The agency, for example, will have to consult the Financial Sector Policy Committee (KKSK) about major obligors. Then there is th

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