Disband IBRA

Disband IBRA

From Koran Tempo

After reading an article in the Jan. 11, 2002 edition of Koran
Tempo titled Suspend the chairman of the Indonesian Bank
Restructuring Agency (IBRA), I can conclude that IBRA is a slick
den of corruption, collusion and nepotism (KKN). IBRA's
incredible costs, such as salary, facility and consultancy fees,
are higher than the state assets it can save. In other words,
IBRA provides no net benefit for the country or its people. IBRA
is merely useful as a source of KKN for its officers and
collaborators.

Therefore, I propose that IBRA should be disbanded now. Any
matters outstanding between IBRA and conglomerates or debtors
should be functionally returned to Bank Indonesia or the source
banks, which have practiced KKN with the conglomerates and
debtors.

Accordingly, retrenchment can be achieved with the dissolution
of IBRA. Whether or not Bank Indonesia can succeed in resolving
the outstanding debts is not a problem as no significant
resolution has been reached by IBRA. The continued existence of
IBRA is simply enriching certain officials from the agency, and
some debtors.

DEHEN BINTI
Banjarmasin, South Kalimantan