IBRA gets tough

Recent announcements from Indonesia show that behind the negative images of political and sectarian fighting, real efforts at resolving the countryÆs financial problems are taking place.

Nick Lord

August 02, 2000

There are encouraging signs from Indonesia that the Indonesian Bank Restructuring Agency (IBRA) is getting tough on its recalcitrant debtors. The catalyst is the recent signing of a new letter of intent with the International Monetary Fund (IMF), which states that all negotiations with problematic debtors have to have been concluded by October this year.

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