Central Banking

Indonesia says postpones c.bank law debate to May

Indonesia said on Mar 14, 2001 it had postponed hearings on controversial central bank law changes, a move that could help break a deadlock in negotiations with the IMF.

The International Monetary Fund, without whose blessing Indonesia would find itself in financial purdah, has refused since Dec 2000 to hand over any more loans unless Jakarta acts on this and other key issues.

"Last night, the government (and parliament) have agreed that (parliamentary) hearings on the central bank law changes

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