Catching Up On Payments, IBRA-Style
Monday, September 11, 2000
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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