Indonesia's IBRA chief optimistic on bank sales

The Indonesian Bank Restructuring Agency (IBRA) said on Feb 12, 2001 it was optimistic it would sell stakes in Bank Central Asia (BCA) and Bank Niaga as planned despite concerns some MPs might delay the process. "Yes, in principle I am optimistic," IBRA chairman Edwin Gerungan told reporters.It is critical IBRA meets the new June 2001 sales deadline after missing the December 2000 target set by the International Monetary Fund.

A media report last week said the IMF was unlikely to release a

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