IMF-Indonesia Review Progress of IBRA Targets
6 October 2003 11:06 WIB
TEMPO Interactive, Jakarta:In the next few weeks, theInternational Monetary Fund (IMF) and the Indonesiangovernment will review how far the targets set by theIndonesian Bank Restructuring Agency (IBRA) have beenfulfilled. The Indonesian government is consideredsufficiently capable of facilitating the sale ofIBRAs Rp37 trillion assets. The progress IBRA hasmade in reaching its targets is quite satisfying, IMFRepresentative for Indonesia David Nellorsaid during a forum held at the Ministry of Finance inJakarta today (9/11).
Nellor also commented on the progress of theState-Owned Enterprises (BUMN)s privatization target.Even though the Indonesian government is uncertainwhether the Rp 6.5-trillion target for theprivitization of BUMN will be reached, Nellorsuggested the government should not rule outalternative sources to cover the deficit of thisyears State Budget. Whether the government likes it or not, they have tofind other sources to cover the budget. There has tobe an adjustment in this regard, Nellor saidwithout providing examples of such alternative sourceshimself.
