Jakarta Post

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post
The Jakarta Post
Video Weather icon 26°C
DKI Jakarta, Indonesia
26°C Light Rain

Rain until tomorrow morning, starting again tomorrow afternoon.

  • Thu

    26℃ - 31℃

  • Fri

    26℃ - 32℃

  • Sat

    27℃ - 32℃

  • Sun

    26℃ - 30℃

The IMF's management of Indonesia's crisis: A lesson

  • Vincent Lingga
    Vincent Lingga

    The Jakarta Post

Jakarta | Mon, July 10, 2017 | 08:15 am
The IMF's management of Indonesia's crisis: A lesson International Monetary Fund (IMF) sign. (Shutterstock/File)

PREMIUM Without a doubt former president Soeharto’s strong resistance to reforms required by the International Monetary Fund’s (IMF) rescue program should be blamed for Indonesia’s economic crisis that caused what analysts considered one of the most substantial cases of wealth destruction in modern history, as the rupiah melted from Rp 2,500 to the dollar in mid-1997 to Rp 17,500 in earl...