Banking problem complicated

Banking problem complicated

From Neraca

The nation's banking problems are very complicated and it is also very difficult to arrest delinquent debtors because they are smart enough to find loopholes to get away. Even noted economist Dr. Sjahrir has become so annoyed that he has suggested that the Indonesian Banking Restructuring Agency (IBRA) should have the guts to take the cases of delinquent debtors to the Attorney General's Office so that banking restructuring can proceed more quickly.

In the opinion of the writer, it is not enough to report these cases of delinquent debtors to the Attorney General's Office because they must be put in prison. Therefore, the criteria allowing them to be put in prison must be clear.

Indeed, one gets the impression that IBRA has no guts to execute the regulations already at its disposal. There is a stipulation, for example, giving a threat to a debtor refusing to sign a letter of commitment in settling his debts.

In fact, IBRA has the authority to take firm action, which may speed up the implementation of the restructuring task of the agency. Therefore, there is no reason for IBRA to take a soft and unprincipled stance.

Many groups have an interest in IBRA, especially if political parties are allowed to share IBRA by placing their men in this agency. If this is the case, it is time for IBRA to be restructured, too.

So, as Sjahrir has put it: "If this is the case, IBRA will be destroyed."

LAY COCOR

Jakarta