The End Of an Era - Economy - magz.tempo.co

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The End Of an Era

Tuesday, March 2, 2004

IBRA has been shut down, accompanied by stories of success and failure.

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THE banking sector doctor is finally no more, marked with a closing ceremony at the Presidential Palace and a glittering party afterwards. Although it lasted just six years, the Indonesian Bank Restructuring Agency (IBRA) will undoubtedly be recorded in Indonesias history as an institution that was hugely influential and controversial.

Managing assets of nearly Rp700 trillion, this was an institution where all the national economic boils were coll

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