IMF supports Indonesian plan for independent team

INDONESIA - Finance Minister Boediono said that the International Monetary Fund (IMF) has lent its support to plans to create an independent team to determine the burden-sharing for the controversial Bank Indonesia emergency loan (BLBI).

The government and the central bank have been locked in dispute over how to share responsibility for a non-performing-loan burden involving billions of US dollars granted to local banks at the height of the financial crisis in 1998.

"The IMF board of executives