Five Steps to Recovery

Entering week two, the optimism on the part of the government of Indonesia's team is faltering in the face of the International Monetary Fund (IMF) team's determination. Last week's developments didn't look promising at all. The news that there are no additional conditions doesn't mean that it's glad tidings, however. In their place, the IMF is demanding that the 2001 state budget be revised before a new letter of intent (LoI) is signed—a request...