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MSAA

The Unfinished Agreements

Tuesday, September 25, 2001

IBRA intends to amend the MSAA signed with tycoons sustaining BLBI debts. These debtors have given mixed reactions. Some are angered while others have forwarded new proposals.

arsip tempo : 171480617929.

. tempo : 171480617929.

Adebt settlement agreement reached with business tycoons enjoying the Bank Indonesia Liquidity Support (BLBI) loans always cause discomfort to the Indonesian Bank Restructuring Agency (IBRA). Several such agreements have been signed since 1998, but the implementation is yet to run smoothly. The thick agreement, written in English and better known as the Master of Settlement & Acquisition Agreement (MSAA), is indeed so confusing that both

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