Shutting Up Shop

IBRA should not be dismantled just to give the impression the crisis is over, nor to avoid accountability.

December 2, 2003

THE government has finally decided that the Indonesian Bank Restructuring Agency (IBRA) will be dismantled as scheduled, by February next year. A better alternative to the decision eludes us. So the decision taken at a cabinet meeting on November 17 was correct. The problem is, what will the government do next, and how will it evaluate IBRA's accountability? This is what needs to be explained. Perhaps the government itself does not know what i

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