Central Banking

IMF stops loans to Indonesia over cbank law plans

The International Monetary Fund won't lend more money to Indonesia until the government finalizes planned changes to the law governing the central bank, Finance Minister Prijado Praptosuhardjo said on Dec 21 2000. The fund last week delayed its latest $400 million loan tranche to Indonesia, due this month under a three-year, $5 billion program. No reasons were given for the delay.

Friction between the IMF and Indonesia has been exacerbated in the past month by the government's plan to amend th

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