President Suharto

IMF Imposes Harsh Structural Adjustment on Indonesia

1997-10-23 00:00:00 +0000 UTC | Importance: 9/10

The International Monetary Fund provides a $40 billion bailout to Indonesia with unprecedented conditions, forcing mass privatization, financial sector restructuring, and the elimination of government subsidies. These conditions systematically dismantle Indonesia’s economic sovereignty, …

IMF Indonesian Government World Bank McKinsey & Company Bank Indonesia +1 more asian-financial-crisis imf-intervention structural-adjustment indonesia-economic-crisis financial-colonialism +1 more

IMF Imposes Harsh Structural Adjustment on Indonesia

1997-10-11 00:00:00 +0000 UTC | Importance: 9/10

IMF approves a $23-43 billion rescue package for Indonesia during the Asian Financial Crisis, mandating severe economic reforms including privatization, banking sector restructuring, and corporate reforms. The structural adjustment program fundamentally reshaped Indonesia’s economic landscape, …

IMF Indonesian Government World Bank McKinsey & Company President Suharto imf-intervention structural-adjustment indonesia economic-shock financial-crisis +1 more