IMF concerned on Bank Indonesia govt bond buying

- Central Banking staff
- 05 Feb 2001

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Indonesia's chief economics minister said on Feb 5 the International Monetary Fund had objected to an amendment to the central bank law that would allow the institution to buy government bonds in the primary market. "The IMF disagreed...the central bank should not be able to buy government bonds in the primary market," Rizal Ramli told reporters, referring to a recent meeting with IMF's First Deputy Managing Director Stanley Fischer in Switzerland. Ramli gave no more details.

The Fund has already

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