Banking-Reform

IMF Imposes Harsh Structural Adjustment on Indonesia

| 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
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