Refusing to Return to the Original
Monday, October 9, 2000
State-owned Bank Rakyat Indonesia (BRI) has refused to transfer its corporate loans to other banks as mandated by an International Monetary Fund (IMF) agreement. Is it true that consistent adherence to the letter of intent will see the bank collapse?
arsip tempo : 172852345696.
THE end of the year will be an anxious time for the government. One by one, its promises to the IMF, as contained in the letters of intent (LoI), begin to fall due. Soon to be fulfilled is the promise to direct BRI to focus on retail banking and the development of small- and medium-scale enterprises (SMEs). This is essentially returning the bank to its original purpose as one that belongs to the ordinary people. Therefore, it has been agreed that
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