A Made-in-Indonesia ‘Doctor’

IF IBRA was considered or hoped to be a “doctor” to cure the monetary ailments in Indonesia 10 years ago, KAMCO in South Korea and TAMC in Thailand were immune and effective doctors.

When Indonesia was pounded by the economic crisis from August 1997 onwards, it was hoped that the Indonesian Bank Restructuring Agency (IBRA) was an institution that would become like a doctor and “cure” the Indonesian economy. Andreas Bunanta, Director of G

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