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Catching Up On Payments, IBRA-Style

Monday, September 11, 2000

IBRA’s target to have 70 percent of giant debtors’ arrears cleared this month is likely to be achieved. But the fast maneuver employed arouses curiosity.

arsip tempo : 173489037390.

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Officials of the Indonesian Bank Restructuring Agency (IBRA) obviously are no cab drivers. However, in order to get giant debtors’ settling the arrears without delay, they seem to be readily imitating drivers’ behavior: racing along the road and overtaking other cars for quick rental fee payments. This can be understood, considering the little time left. By the end of this month they ought to have finalized the settlement of 70 percen

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