IMF Imposes Harsh Structural Adjustment on Indonesia

| Importance: 9/10 | Status: confirmed

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, benefiting Western corporate interests.

Key Actors

IMF Indonesian Government World Bank McKinsey & Company Bank Indonesia President Suharto

Tags

asian-financial-crisis imf-intervention structural-adjustment indonesia-economic-crisis financial-colonialism neoliberal-policy

Sources (3)

Help Improve This Timeline

Found an error or have additional information? You can help improve this event.

✏️ Edit This Event ➕ Suggest New Event

Edit: Opens GitHub editor to submit corrections or improvements via pull request.
Suggest: Opens a GitHub issue to propose a new event for the timeline.