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Indonesia-IMF

Bearing No Conditions

Tuesday, April 17, 2001

Decentralization, debt restructuring, fiscal management and an amendment to the BI Law are the main items on the Indonesia-IMF agenda. The IMF in Washington is directing its delegation not to interfere too much in micro-management affairs.

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Sweat pours from the officers of the International Monetary Fund (IMF). The flow from the air-conditioners is not enough to cool the room. These talks with Indonesian officials are extremely tough. Granted, no harsh words are exchanged, but both are standing firmly by their opinions on the best way to lift Indonesia out of the economic doldrums.

The situation faced by the IMF team—led by IMF Asia-Pacific Director Anoop Singh—is a

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