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