A Decade of Ups and Downs

THE storm created by the 1997/1998 economic crisis devastated the economies of almost every country in Asia. Banks were ruined, thousands of companies collapsed, and millions lost their sources of income.

There was no choice for Indonesia but to forego economic sovereignty and become a patient of the IMF. The people paid dearly to cover the costs of recovery. Hundreds of trillions of rupiah were squeezed out of the public to cover the capital g

Subscribe to continue reading.
We craft news with stories.

For the benefits of subscribing to Digital Tempo, See More

The Best Choice

Rp 54.945/Month

Active for 12 Months, Rp 659.340

• *You Save -Rp 102.000
• *Guaranteed update of up to 52 Editions of Tempo Magazine

Subscribe

Rp 64.380/Month

Active Every Month Cancel Anytime

• *Free for the first month if using a Credit Card

Subscribe

See Other Packages

Already a Subscribed? Log in here
To receive daily news by Email, Sign up for Tempo ID.