Suharto Government

IMF Imposes Radical Structural Adjustment on Indonesia

1997-10-15 00:00:00 +0000 UTC | Importance: 9/10

On October 15, 1997, the International Monetary Fund (IMF) announced a comprehensive $43 billion bailout package for Indonesia during the Asian Financial Crisis, contingent upon radical structural adjustment reforms. The IMF mandated a 50-point reform program that included closing 16 private banks, …

International Monetary Fund Suharto Government World Bank McKinsey & Company Bank Indonesia asian-financial-crisis structural-adjustment imf indonesia economic-shock-therapy +2 more

IMF Imposes Harsh Structural Adjustment on Indonesia

1997-10-08 00:00:00 +0000 UTC | Importance: 9/10

The IMF provided a $10 billion bailout to Indonesia in November 1997, imposing stringent structural adjustment conditions that demanded banking sector reforms, public spending cuts, and market deregulation. These policies, while intended to stabilize the economy, resulted in significant social …

IMF Suharto Government World Bank McKinsey & Company imf structural-adjustment economic-shock-therapy asian-financial-crisis indonesia +2 more