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IBRA and its Performance as Debt Collector

Monday, October 9, 2000

The settlement of Texmaco’s debts has been severely tainted by a bailout. Rizal Ramli has subsequently threatened the Salim Group, and questioned the attitudes of the International Monetary Fund (IMF) and the World Bank.

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TO maximize the return of money to the state -- after it was scattered to the tune of Rp600 trillion, in truth presents a rather daunting paradox. That is, the behavior of the government during the New Order era, when it appeared to be Santa Claus, attempting to play the role of debt collector. There is vertigo, an awkward feeling, or the need to compromise with the result that the debt collector who ought to be strong and strict, on the contrar

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