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Hard Times

Tuesday, May 1, 2001

The rupiah is falling, negotiations with the IMF are stalling and the 2001 state budget is up for a painful revision.

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Negotiations with the International Monetary Fund (IMF) have yet to bear fruit. Except for an agreement on the deficit level of the 2001 state budget, set at a maximum 3.7 percent of GDP, there is nothing more to crow about. Just before flying back to Washington on Tuesday, IMF negotiators left a message urging the House of Representatives (DPR) and the administration of President Abdurrahman Wahid to work out an urgent revision of the 2001 st

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